If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
Credit Cards
Banks
Brokers
Crypto
Mortgages
Insurances
Loans
Small Business
Knowledge
by Christy Bieber | Published on Feb. 4, 2022
Image source: Getty Images
Another stimulus check is probably off the table this year.
Check out The Ascent's picks for best balance transfer credit cards
When COVID-19 was first declared a pandemic, lawmakers acted quickly on a bipartisan basis to provide the financial relief Americans needed. Under the Trump administration, several major relief bills were passed with support from both sides of the aisle. These bills provided two stimulus checks.
After President Biden took office, however, bipartisan support for stimulus programs ended. The American Rescue Plan Act was passed on a party-line basis and provided the largest stimulus payment yet, delivering $1,400 checks into the bank accounts of eligible Americans. These $1,400 payments were available for both adults and dependents.
After the American Rescue Plan Act, however, no further financial relief has been provided by Washington, D.C. lawmakers despite the fact many continue to struggle and millions have put their names on a petition calling for ongoing direct payments.
Since it has been so long since the public has been offered a stimulus payment, it's natural that many people wonder whether a fourth check will be coming.
For most Americans, it is extremely unlikely a fourth stimulus check will be provided. Here are a few key reasons why:
For all of these reasons, another check is unlikely to happen unless conditions take a dramatic turn for the worse — such as another COVID-19 variant that is vaccine resistant, easily transmitted, and more deadly.
Despite the fact a fourth check won't happen for most Americans, some will get another payment in 2022. This can happen if:
Outside of these situations, Americans shouldn't expect more help from Washington in the form of a fourth stimulus check in 2022 unless the pandemic takes a devastating turn.
If you're using the wrong credit or debit card, it could be costing you serious money. Our expert loves this top pick, which features a 0% intro APR until nearly 2024, an insane cash back rate of up to 5%, and all somehow for no annual fee.
In fact, this card is so good that our expert even uses it personally. Click here to read our full review for free and apply in just 2 minutes.
Read our free review
Christy Bieber is a personal finance and legal writer with more than a decade of experience. Her work has been featured on major outlets including MSN Money, CNBC, and USA Today.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
Related Articles
Best Budget Apps
Best Cash Back Apps
The Ascent’s Definitive Credit Score Guide
Best Debt Payoff Apps
Best Budget Apps
Best Cash Back Apps
The Ascent's Definitive Credit Score Guide
Best Debt Payoff Apps
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 – 2022 The Ascent. All rights reserved.
Related Stories:
4th Stimulus Check Update: Can A Fourth Check Payment Happen In January 2022?
Fourth Stimulus CHECK Update: $2,000 Checks Deposited On September 14th
Are 2022 gas stimulus checks coming as prices rise? – USA TODAY
Fourth Stimulus Check In 2023: Is The Federal Government Issuing and Payment?
4th Stimulus Check Update: 5 Things to Know about a fourth Stimulus payment
Stimulus Checks 2022: You have just one week to claim a stimulus check worth up to $1,200 – how to get your money
Is a fourth stimulus check arriving in 2022?
Stimulus Check 2022: Virginia Payment Coming Next Week: Check if you are eligible
Leave a Reply