Every time a stimulus check is sent out, there seems to be a five-second wait before someone asks, “So… will there be another stimulus?” (As a reminder, the third stimulus check was distributed in March 2021). If you’ve been wondering if a fourth stimulus would occur, we have an answer for you: sort of. A fourth stimulus check is being issued, but only to residents of specific states in the United States. You might be thinking right now, Wait. What? Really? Yes, it is true. Let’s go layer by layer and coast by coast on this subject.
Is the 4th Stimulus Check Happening?
They are, but not from the federal government, as the last three stimulus payments did. It all depends on where you live this time. That’s true, and the fourth stimulus check is currently being distributed to some people at the state and local levels. When the American Rescue Plan was implemented, every 50 states received $195 billion to assist in funding their local economic recovery. That is a lot of money. But here’s the catch: they only have a little time to spend that money. The states must decide how to spend the money by the end of 2024, and then they have until the end of 2026.
What is the list of states?
All 50 states have access to this money—they just have to figure out how to spend it first. So far, these states have devised a strategy to use the funds as a fourth stimulus check. Arizona, When it comes to stimulus checks, the Grand Canyon State takes a different approach—it gives them to those returning to work. Arizona’s Back to Work Program provides $2,000 to people who find work after unemployment. California, The Golden State, is the only state on the list that has issued large, broad-sweeping stimulus cheques similar to those issued by the federal government. Colorado, Maine, Maryland, Missouri, New Mexico, New York, and Vermont Are also Included.
Will the Federal Government Issue Another Stimulus Package?
At this time, most people believe that another large stimulus package from the federal government is a long shot. Nonetheless, some senators continue to advocate for another stimulus package to assist Americans suffering from rebuilding due to COVID-19 and its economic consequences. With the economy and job creation on the rise, the need for a stimulus package is far lower than before the pandemic began. Not to mention, many people have received extra money each month from the Child Tax Credit. When you add it all up, it’s simple to see why there might not be another stimulus check. But don’t worry, we’ll let you know if there is one.