A Fourth Stimi May Hit Your Account In May

The Biden Administration is rolling out the final payments of the $1.9T Covid Relief Package and a fourth check might show up in your account. These payments are apart of the American Rescue Plan. In March, Biden sat with Senate leaders from both parties to discuss how future payments should be dispersed. See the entire plan here. Senators Warren and Sanders are leading the charge for working-class Americans and direct payments are being added to the Infrastructure Bill which is in the works as well as the American Family Plan which is designed to put America at the level we were financially before the shutdowns. Employment also remains well below pre-pandemic levels as unemployment rates are high in cities like Los Angeles and New York City.

Representatives like Ilhan Omar have said this, “Recurring direct payments until the economy recovers will help ensure that people can meet their basic needs, provide racially equitable solutions, and shorten the length of the recession.” These new payments will be tied to specific economic situations similar to what we saw during the Recession bailouts.  College students were able to stay on their parents’ medical insurance until the age of 26 years old for example but it had only applied to students who had recently graduated in the economic recession.

Americans who earn less than $75,000 were able to be eligible for the first 3 rounds of payments yet due to fraud, broken online systems, and delays under the Trump Administration millions suffered.  The Democrats are attempting to hard reset the middle-class family.  There is a lot of information regarding which bill, what plan, and how it all affects your wallet.  We know that we voted for a new President and so far, so good.  There is still more to come so stay patient.  Help is on the way.