With inflation continuing to rise, many Americans are struggling to make ends meet and pay for necessities. To help provide financial relief, state governments with budget surpluses have been offering citizens tax rebates and other forms of aid. In California, rebates may range from $200 to $1,050, while Connecticut offers employees who worked throughout the pandemic bonuses ranging from $200 to $1,000.
To provide further aid during the pandemic, the US government has issued three stimulus payments, with the last one arriving in February 2021. This financial relief helped pull 11.7 million people out of poverty in 2020 alone. Despite recent declines in inflation, many Americans are still hoping for a fourth stimulus payment in 2023.
If unemployment begins to rise, Congress may intervene and offer additional stimulus aid to those who are out of work. During the pandemic, Congress increased unemployment benefits and expanded eligibility, helping thousands of people.
The current state of inflation and unemployment is far from ideal, and many Americans need the additional financial assistance that stimulus payments provide. With Congress not yet announcing plans for a fourth payment, those who are hoping for further aid should continue to monitor the situation to see if it materializes in the coming months.
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