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Friday, May 24, 2024

Fourth stimulus checks are unlikely. Here’s what federal aid could be coming next

  • As more $1,400 stimulus checks go out, many people wonder if more payments will follow.
  • While the answer right now is no, more help could be coming to parents and the unemployed.
  • Experts say the Covid-19 pandemic could have lasting effects on how government aid is handled.

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As vaccines ramp up and the economy reopens, many individuals and families may be eager to see this side effect of the Covid-19 pandemic continue: government stimulus checks.

A recent poll from Data for Progress found 65% of Americans are in favor of payments of $2,000 per month for the duration of the pandemic.

Some political leaders agree.

On Tuesday, a group of Democratic senators, led by Sen. Ron Wyden, D-Ore., sent a letter to President Joe Biden calling for additional stimulus checks.

"We urge you to include recurring direct payments and automatic unemployment insurance extensions tied to economic conditions in your Build Back Better long-term economic plan," the leaders wrote.

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When tied together, the direct payments can help those who do not qualify for unemployment insurance, and who have suffered a loss in income, the leaders said. The money would also help keep families out of poverty while stimulating the economy.

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