4th Stimulus Check Update

4th Stimulus Check Update: The states with new checks and financial aid on offer

/ Business News / By

The IRS has issued more than 169 million payments in the third round of direct stimulus aid, with more than 2 million people in July receiving the $1,400 checks. But some lawmakers are pushing for the fourth round of stimulus aid that would effectively send recurring payments until the pandemic ends.

So far, the federal response to the economic crisis caused by the coronavirus pandemic has paid out $3,200 to eligible adults: $1,200 under the Coronavirus Aid Relief and Economic Security Act in March 2020; $600 in a December relief measure; and $1,400 under the American Rescue Plan signed in March by President Joe Biden. 

Despite that financial assistance, millions of Americans remain in financial distress, and the spread of the Delta variant is creating new economic headwinds. Almost one-quarter of Americans struggled to pay their household expenses in the previous week, according to new Census survey data that polled people during the last two weeks of August.

A STIMULUS checks worth up to $6,300 will be sent out to hundreds in Atlanta by December 15. Students at an Atlanta medical school will get the checks within the next few days before Christmas.

Finance

Morehouse School of Medicine is going to give each student $6,300 to pay for education-related expenses, according to the Atlanta Journal-Constitution. Plus, other Americans may be in line for “surprise” stimulus checks in the next few weeks. A few states have their own programs to help residents and the local government decide who qualifies for a fourth stimulus check and the amount of money they will receive.

It comes as calls for more stimulus checks in 2022 grow, with some calling for $2,000 to be sent to all Americans every month.
A number of states have already sent out fourth stimulus checks, while others are preparing to bring in new legislation that will help Americans this December. With 2021 coming to an end, each state is already planning ahead for its future financial aid plans. 

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