Rounds of relief payments helped alleviate COVID-19's economic impact and aided in boosting the country's economy. The third wave of relief payments, courtesy of the American Rescue Plan (ARP), began in March.
Approximately 169 million people received up to $1,400 in the past few months. Nearly all of the $422 billion set aside was used for this purpose. The ARP checks came nine months after the $600 payments made in January, which came nine months after the $1,200 payments made in the early days of the pandemic.
They appear to have worked, but they also aided many people who did not require financial assistance. According to the latest recent estimate from the Bureau of Economic Analysis, the US economy grew at an annualized rate of 6.7 percent in the second quarter of 2021.
Relief payments coming from your state
Supply chain issues may have slowed expansion even further. This maintains the blistering pace set in the first quarter, when the economy grew by 6.4 percent. The Conference Board predicts that growth will continue, albeit at a slower pace, for the rest of the year.
According to CBS Local, the country's GDP, a measure of economic activity across the United States, has reached pre-pandemic levels. According to that metric, the economy has fully recovered. During the pandemic, a large portion of the workforce has experienced minimal economic hardship.
Many things that may be done at a desk in an office can also be done at a desk in someone's home, as per MARCA. With fewer places to spend money during the pandemic, as well as three stimulus checks, many Americans saved more than they would have otherwise.
With a fourth stimulus check from the federal government seeming doubtful, states are coming up with new ways to give economic aid to Americans to mitigate the economic impact of COVID-19.
There are a variety of stimulus checks and incentives aimed at helping low and middle-income families, and each of the 50 states has its own policy. We've put up the following information to assist you in figuring out which states are giving a fourth stimulus check. It will keep you up to date on what's going on around the country.
Surprise stimulus check from US states
States are looking for more ways to help Americans with their finances as a fourth stimulus check from the federal government seems increasingly unlikely. Although low- and middle-income families are not eligible for federal assistance, each of the 50 states is developing its own program to address the problem.
Per The Sun, these states are beginning to provide financial incentives to assist in mitigating the financial consequences of the COVID-19 pandemic:
- Connecticut- The state's Back to Work plan pays qualified individuals a $1,000 stimulus payment if they return to work after an eight-week layoff.
- Florida- A $1000 payment will be given to teachers and administrators.
- Georgia- Full-time teachers and administrators will get $1000 checks while part-time instructors will earn $500, following Florida's approach.
- Idaho- Residents could expect a one-time tax refund in the near future.
- Maryland- State and local taxes on unemployment benefits were removed, and $720 million was set aside for farm workers, meat packers, and grocery shop employees.
- Michigan- Teachers will get a $500 hazard pay extra from the state.
- Minnesota- A total of 116,000 people are eligible for a $1200 payment.
- Missouri- A temporary Child Care Subsidy is available to families with children.
- Nevada- The Child Tax Credit is worth $3000 to $3600 to working families.
- New Hampshire- Families with three children who do not have a source of income are eligible for a payment of $1086.
- New Mexico- The state has set aside $5 million to assist low-income citizens who have been affected by the pandemic.
- Ohio- The state has set up $46 million to help needy kids.
- Oklahoma- The state of Florida's panhandle has set up $13 million to assist student instructors.
- Tennessee- Teachers received $1000 in hazard compensation from the state.
- Utah- Residents who were chosen received three payments totaling $2784 on average.
- Alaska- Residents may be eligible for additional cash under the Federal-State Extended Benefits program, which would provide an extra 13 to 20 weeks of checks.
- Arizona- The state's Back to Work Program provides jobless persons who work part-time a one-time $1,000 payout, and unemployed people who work full-time a $2,000 payment.
- California- The Golden State Stimulus allows persons earning between $30,000 and $75,000 to receive $500 to $600 in checks, with an extra $500 for families with dependents.
- Colorado- Between March and October 2020, anyone who receives an unemployment payment will receive a $375 check.
Is your state not included in the list?
At the end of March, a group of Democratic Senators, including Oregon's Ron Wyden, Massachusetts' Elizabeth Warren, and Vermont's Bernie Sanders, wrote to President Joe Biden, seeking "recurring direct payments and automatic unemployment insurance renewals connected to economic circumstances."
A similar stance was carved out in a previous letter to President Biden and Vice President Kamala Harris by 53 Representatives, led by Ilhan Omar of Minnesota. "Until the economy improves, recurring direct payments will assist individuals fulfill their basic requirements, provide racially equal solutions, and decrease the length of the recession."
Alexandria Ocasio-Cortez of New York and Rashida Tlaib of Michigan, two more renowned House Progressives, were also co-signers. The proposed stimulus payments were not given a number in the letter. However, a tweet sent out shortly after set the price at $2,000 each month for the duration of the pandemic.