In March of 2021, lawmakers gave out a third stimulus check. The U.S. economy was still slow, and jobs were hard to come by.
It wasn’t yet common to get COVID-19 vaccines, so some people had to stay out of work in order to keep their health in check. That made it easy to say that there should be a third stimulus round.
In the spring of 2022, many people in the United States are still having money problems. Consumers, on the other hand, should not expect a fourth stimulus round to hit their bank accounts any time soon.
Economic problems don’t justify a lot of help from the government.
Because living costs have gone up, it’s true that low-income families who couldn’t make ends meet before the prices went up are now struggling to make ends meet. It’s easy to see why so many people are still hoping for a fourth stimulus check.
After the Ukraine crisis, gas prices have gone up a lot. Even though that aid isn’t likely to come soon, the economy isn’t in bad shape, even though it might seem that way.
It’s easy to think that high prices are bad. This isn’t always the case, though. These days, it means that people have money to spend and there aren’t enough of the things they want to spend it on.
In addition, there’s enough COVID-19 vaccines to go around so that anyone who needs one can get one.
A lot of people have jobs, so it’s hard to justify a fourth stimulus round based on the fact that many people can’t find work.
Can you come up with your own idea?
They were worth up to $1,400 each. But you may also be getting a large sum of money in the form of your tax refund. This can be your own stimulus payment, too.
People who haven’t filed their taxes yet should start to get their refunds in the next few weeks. People might get back a lot of money, and some of them might be very big.
Average tax refunds from the IRS this year came to $3,175, which was the amount they gave out on April 8. There was a stimulus check for more than twice as much money as there was the last time.
Of course, just because the average refund was $3,175 as of early April doesn’t mean that’s what you’ll get back from the IRS, either.
But if you get a refund, you can think of it like a stimulus check and treat it the same way. That means that you should use the money to pay your bills, do important things that you might have put off because you didn’t have enough money, and put the rest in your savings account.
A fourth stimulus check could be on the table if the economy takes a big turn for the worse.
This is what the text says. People should not hope for that. It’s best if you make your own stimulus, like by using your tax refund or getting a second job, to help you get through the hard times you are having.