Do You Think the Federal Reserve Will Conduct Another Stimulus Check in 2022?
- It’s no secret that many Americans are hoping for a fourth round of stimulus money to help them get back on their feet.
- While current economic conditions do not indicate the necessity for a follow-up check, the pandemic’s trajectory might change this.
As a result, many Americans were sad to see the year conclude without getting a fourth stimulus payment. But would a fresh start in a new year bring with it a fresh source of income to look forward to?
There’s currently no sign that lawmakers are planning on distributing another stimulus package. However, that doesn’t mean that we should write one off. Here are the reasons why we may or may not receive another stimulus payout.
Why a fourth stimulus check could be necessary?
The omicron version of COVID-19, which is extremely contagious, is causing an uptick in cases in 2022. According to medical professionals, the number of cases may have peaked by the end of January. However, if that doesn’t happen, and the pandemic continues, we might face months of interruptions.
Businesses might be forced to close and layoffs could occur if that were to happen. Adding another stimulus payment might be justified in the event of a downturn as a result.
Why a fourth stimulus check may not be necessary?
This country is in fact dealing with a large COVID-19 epidemic, which is threatening to overload healthcare systems, drive schools into remote learning and affect supply chains. On the plus side, studies suggest that omicron causes less side effects than its predecessors, reducing the likelihood that it will have a major impact.
In addition, the CDC has recently amended its guidelines to minimise the quarantine period for patients diagnosed with COVID-19. That might lead to less downtime and closures in the workplace.
A lot of it would be beneficial to our economy. The economy, on the other hand, continues to grow. The national unemployment rate fell to 3.9 percent in December, the lowest since the epidemic began.
The labour market is currently overflowing with opportunities, and many businesses are responding by boosting pay in an effort to recruit top-notch employees. When the most recent stimulus check was authorised in March 2021, this was a quite different circumstance.
Lawmakers aren’t planning huge shutdowns to deal with the recent rise in COVID-19, unlike they did during the pandemic’s early stages. That alone might avert a major layoff.
In the absence of any more financial assistance, what should one do?
At a time when inflation is soaring and everything costs more, the thought of not receiving another stimulus cheque may be upsetting. However, there are things you may do to make more money.
To begin, look at local wage rates to see whether or not you’re being paid fairly at your current job. If you don’t get a raise, you may either battle for a raise or look for a new job. Or, if you’re in need of some additional cash, you might take advantage of the thriving gig economy by picking up a side job.
More To Read:
- Americans Today Received $1,100 in Tax Cuts and $5,200 in Automatic Payments as Part of the Fourth Stimulus Package
- Update on the Stimulus Check Program: Residents of This State Can Get Checks of Up to $1,000
- $1,400 Payment on Offer in the United States in 2022 Is the Fourth Stimulus Check
If you’re having trouble making ends meet, you can put yourself on a stricter budget. When the cost of living rises again, it may be necessary to cut back on some costs temporarily.
A second wave of stimulus may be necessary if the economic situation worsens further. However, this is a scenario that no one should wish for.
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