DO IT NOW! Apply For These Stimulus Checks & Payments in 2022 | Stimulus Package Update

DO IT NOW! Apply For These Stimulus Checks & Payments in 2022 | Stimulus Package Update
The pandemic brought unprecedented stimulus to American businesses and workers to the tune of trillions of dollars. Stimulus payments came in waves, and as the pandemic lengthened, it almost seemed as if the government would continue to print money forever to bail out the economy. But even as widespread mask mandates and travel restrictions remained in place, the American economy enjoyed a sharp and rapid recovery. Combined with the trillions of dollars of stimulus money in the system, inflation exploded in early 2022 to levels not seen in decades. From March 2020 to February 2022, the U.S. government injected roughly $5 trillion in stimulus money into the economy. Of that, roughly $1.8 trillion went directly to individuals and families, while another $1.7 trillion went to businesses. But the federal government’s appetite for more direct stimulus is waning. The Biden administration seems focused primarily on infrastructure spending, while many economists warn that additional stimulus would only accelerate the rise in inflation, which hit an astonishing 8.5% in March 2022. Until this trend reverses, federal stimulus is likely on pause, if not over completely. Although pockets of the economy are booming, the unemployment rate remains above where it stood before the pandemic, and other enhancements, such as the expanded child tax credit, have expired. The bottom line is that many Americans are still struggling. Against this backdrop, numerous proposals for additional stimulus have been pushed, from a fourth stimulus check to recurring $2,000 monthly payments. If the economy were to roll over again, or if another coronavirus variant began increasing hospitalizations and deaths again, the drumbeat for additional stimulus may grow louder.

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