Bad news for most Americans: Even if there is a fourth stimulus measure, which appears highly unlikely at the moment, it will probably not be available to most middle-class Americans.
Stimulus Checks Touted by Progressive Leaders After Report Shows Benefits to Americans
On 6/3/21 at 12:07 PM EDT
Progressive leaders touted the benefits of stimulus checks after a new report showed how they substantially reduced a number of hardships for Americans across the country.
The New York Timesreported on a study from the University of Michigan looking at data compiled by the Census Bureau on Wednesday, showing multiple ways the lives of everyday Americans improved significantly after the passage of a $600 stimulus check in December followed by another $1,400 direct payment in March.
The analysis showed that household food shortages dropped by 42 percent, a broad gauge of financial instability declined by 43 percent, and frequent anxiety and depression dipped by over 20 percent.
"We find that the delivery of robust, primarily cash-based assistance to U.S. households was followed by major declines in material hardship," the study s authors wrote.
The latest estimates suggest that as many as 10 million U.S. taxpayers likely overpaid on their unemployment taxes and would be eligible for the refunds.