AS the Covid-19 pandemic continues into 2022, many Americans are hoping another federal stimulus payment will come.
As a consequence of the corona pandemic, we have seen three stimulus packages pass at the federal level.
The first stimulus package included $1,200 in outright payments, and the next sent $600 to Americans.
While a fourth stimulus package seems unlikely given the rapid economic recovery and inflation, we list a few reasons why another could happen.
Another economic disaster
Again, the whole point of stimulus checks is to provide relief in tough financial times.
Currently, unemployment claims are at their lowest level in 52 years and there is strong economic demand among consumers.
While the number of Covid-19 cases continues to rise during the holiday season, those who have been vaccinated are unlikely to become seriously ill.
However, things could change if an unexpected twist takes place during the remnants of the pandemic.
This also applies if the Omicron or a new variant shows up and significantly reduces the effectiveness of the vaccine – or if more closures occur.
Terrible poll numbers
Just months ago, President Biden had a 56% approval rating, according to data from the analytics company Gallup.
Well, now his approval rate has dropped to 43%.
His approval score was higher at the start of the year after he signed the third stimulus package into law.
If his poll numbers continue to fall, it could force Biden to launch another round of stimulus.
After all, stimulus checks are immensely popular among the American people.
According to Morning Consult and Politico poll in March, nearly four in five Americans backed $1,400 stimulus checks.
Speaking of his approval ratings, some on social media have: tried to use that to their advantage to encourage Mr Biden to demand more money.
In March 21 Senate Democrats signed a letter to Mr Biden to push for recurring payments.
That calls for at least more federal stimulus payments, though, hasn’t worked so far, as there doesn’t seem to be any urgency from the Biden administration.
White House secretary Jen Psaki told reporters in May that the stimulus checks “were not free” and that another round was not in Biden’s plans.
But increased pressure from voters and other key figures in power could force Biden into action and encourage Congress to pass another round of stimulus.
We reveal 12 states and cities giving incentives and other payments for new year.
See what states and cities are offering universal basic income.
And find out if you’re still owe a stimulus check.
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