Long after COVID shut down the economy in early 2020, the epidemic persists. The Delta variety is still creating positive instances, albeit at a lower rate, and President Biden has urged for immunizations to be made more widely available. The economy as a whole has recovered from the effects of the epidemic.
Despite this, shortages and inflation remain, and some individuals are still behind where they were at the start of the year. Unemployment is approaching pre-pandemic levels, with job opportunities aplenty in certain industries.
Many people are even debating whether or not to return to work for the time being. Many others, though, continue to struggle to find acceptable employment.
Despite the fact that the government unemployment benefit expired over two months ago, millions of individuals are still without food and are overdue on their obligations. It would be beneficial to do a fourth stimulation check.
California is one of the few states that has acknowledged the need for more assistance and has made additional contributions. But, in 2021, would the Internal Revenue Service (IRS) issue another stimulus check?
That hasn’t been determined definitively. However, there are other indicators that things are headed in the right direction.
COVID’s economic impact was to be mitigated, and the economy was to be supported as a result of the relief payments. The third batch of relief payments, courtesy of the American Rescue Plan, began in March (ARP).
Approximately 169 million people received up to $1,400 apiece over the next 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 epidemic. They appear to have worked, but they also aided many people who did not require financial assistance.
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