As the IRS has issued 169 million payments in the third round of direct stimulus, $1,400 checks were distributed among the united states citizens during the Covid-19. Some authorities are stressing to begin the fourth round of stimulus aid that would provide continuous payments and help many people until the pandemic ends.
Coronavirus pandemic has caused economic crises around the globe, including the US.
The federal government of the US provided $3200 to adults; earlier, the government-sanctioned $1200 as a relief fund against coronavirus and as per the economic security act. Before December 2020, $600 and $1400 were issued by president Joe Biden under the American rescue Plan.
Moreover, the US government has been trying its best to provide financial assistance. Despite all that, millions of Americans are still facing financial issues. The spread of the Omicron variant is creating new economic problems and affecting the everyday lives of a large population. According to new data from a Census survey held in December, more than one-quarter of Americans struggled to pay their household expenses.
Many Americans are struggling with unemployment and a weak labor market. Moreover, support for more than 30 million American families ended last month. Hence, around 3 million people have signed the petition to pass the fourth stimulus check that provides recurring $2,000 monthly payments.
Thus, the United States as one of the significant countries of Europe is now providing financial support to the citizens that are suffering from the problems.