There is still no news about a potential fourth round of stimulus checks. However, there may be a chance that funding could come for one specific group in the form of a $1,400 stimulus check for seniors, according to BGR.
According to CBS News, researchers from the University of Michigan did a May analysis and had discovered that the three waves of stimulus money averted hardship for millions of Americans. However, when stimulus fails, as it did last fall when Congress couldn’t agree on another round of help, the difficulty increases “significantly” in November and December.
A record-high cost-of-living rise to Social Security benefits in 2022 is part of the explanation. According to BGR, adding in the impact of record inflation and rising prices on household budgets to counteract the Social Security rise, the necessity for politicians to assist seniors is apparent.
Read Also: COVID-19 Relief Loan Used To Buy Pokemon Card Worth $57,000; Dublin Man Faces One Count Of Wire Fraud
Advocacy Group Sent a Letter To Formally Ask Congress for the Stimulus Check
The Advocacy group Senior Citizen League had sent a letter to formally ask Congress for a stimulus check, specifically for Social Security recipients. In the letter, the league had said that they believe that a particular stimulus for Social Security recipients could help offset the higher cost that some of them would face. This campaign had started in September, and the group also prepared an online petition.
However, though the reasons that are mentioned above indicate why these checks might materialize, there are also reasons that they might not. One reason is that the Biden administration is concentrating its efforts on advancing its infrastructure plan, which would change the economy by repairing old schools, roads, and airports and investing in affordable housing and broadband.
Read Related Article: Everything You Should Know About Federal Programs Putting Money In The Hands Of Americans And Their Bank Accounts