![]() In March 2021, for example, 21 senators signed a letter requesting ongoing, monthly stimulus checks to Americans, but that went nowhere. If the economy is headed for a recession, as some economists fear, many Americans will be thrown right back into a world of economic uncertainty.Īgainst this backdrop, various forms of legislation have been promoted over the past year or so, but none of it has yet to gain any traction. In addition to the skyrocketing inflation rate, which has significantly raised the basic cost of living for most Americans, assistance such as the expanded child tax credit, enhanced unemployment benefits and mortgage assistance programs have all expired. Some Legislators Are Still Pushing for Additional Federal StimulusĪlthough overall the American economy has been very strong over the past year, there are signs of weakness that have some federal legislators clamoring for more stimulus. Here’s the current status of both federal and state stimulus packages for summer 2022. To help combat the stress this is putting on the finances of Americans, some are calling for additional stimulus. ![]() While the immediate effects of the coronavirus pandemic are now in the rear-view mirror, another threat to the economy has reared its head in 2022 - inflation, which spiked to its highest levels in 40 years. ![]() Save More: Unplug These Appliances That Hike Up Your Electricity Bill SNAP 2022: Is My State Giving Out Extra EBT Food Stamp Money in June? ![]() government passed a series of stimulus packages that, among other things, kept 11 million Americans out of poverty, according to data from the U.S. BackyardProduction / Getty Images/iStockphotoĪt the onset of the coronavirus pandemic, the American economy immediately fell into recession, with unemployment spiking to 14.8%, the highest since records began in 1948. ![]()
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