American citizens have benefited from three stimulus checks after the start of the pandemic, as well as financial and job losses. Many are hoping for a 4th stimulus check.
While checks have helped Americans for the past two years, inflation continues to rise and they are feeling the financial strain.
Many hope that a check will be sent.
Stimulus: New plan would give monthly child tax credit payments of $300
Why Americans won’t see a 4th stimulus check
678,000 jobs were added to the economy in February.
Originally, only 440,000 jobs were expected.
The unemployment rate is incredibly low at just 3.8%.
The rate has not been lower than since the start of the pandemic.
4th stimulus check: $600 in checks sent to 250,000 people in 4 months
Thanks to the booming labor market and such a low unemployment rate, a fourth check is not likely.
Despite this healthy economy, inflation continues to cause major problems in the daily lives of Americans.
Demand is higher than supply, and it ranges from food and gas to homes and rentals.
What’s the problem if the economy is healthy?
A good economy thrives with job growth and low unemployment, but to be successful in everyday American life, Americans must be able to afford their living expenses.
As the cost of goods increases, the minimum wage does not follow.
This causes Americans to push Congress for additional stimulus checks.
Lawmakers are divided as the economy doesn’t show the need for a 4th stimulus check, but people’s daily lives do.
President Biden continues to push for monthly payments on expanded child tax credits as well as raising the minimum wage, which sits at $7.25.