5 Factors Supporting the Approval of 4th Stimulus Check Worth $1400, Latest Insights

The economic condition of America is still not fully normal after the COVID-19 pandemic. Problems like inflation, unemployment and economic instability have affected the lifestyle of millions of Americans. In such a situation, once again the demand for the fourth stimulus check of $1400 is in full swing. Although there has been no official announcement from the government on this so far, the reasons behind it and the needs of the public make it a serious issue.

Let us know the 5 main reasons due to which the demand for the fourth stimulus check is increasing continuously.

1. Rising inflation: spoiling every month’s budget

The inflation rate of 2024 remains between 4% and 5%, which is much higher than the 2% target set by the Federal Reserve. This has a direct impact on the cost of everyday items such as food, rent, transportation and health services.

As a result, it has become more difficult for low- and middle-income families to survive.

A stimulus check of $1400 can act as a temporary relief in such times, allowing families to manage their basic expenses to some extent.

2. Complex unemployment situation

While the situation has improved somewhat since the peak of the pandemic, when unemployment reached 15%, the national unemployment rate still remains around 5%. Especially in sectors like hospitality, retail and entertainment, people have not yet been able to get back on their feet.

Due to long-term unemployment, people’s savings have been exhausted, and now they have to depend on public assistance to run their household. In such a situation, direct cash assistance – such as a stimulus cheque – can play an important role in maintaining their livelihood.

3. Political environment and public demand

All three stimulus checks so far have received bipartisan support (support from both parties), as it was a step that directly helps the people. Many MPs and senators still consider economic aid necessary, and proposals for a fourth stimulus check remain a topic of discussion in Parliament.

Public support is also very strong. Millions of people are raising this demand on social media, and many petitions have garnered millions of signatures. This pressure can influence political decisions.

4. Voices are rising from the grassroots level.

Various grassroots organisations and social organisations have started a campaign for a fourth stimulus check of $1400. Through protests, online campaigns and media coverage, they are trying to make this demand the centre of political debate.

Hashtags are trending on social media regarding this issue, making this issue a part of the national debate.

5. Federal Reserve policies and limitations

The Federal Reserve has kept interest rates low so that people can take loans and invest in the market. But this relief does not work for long, especially when people do not have money even for everyday needs.

A stimulus check is an option that puts money directly in the hands of people and can revive the economy by increasing consumption. It maintains a balance of both policy and monetary reform.

Broad effects of a fourth stimulus check

1. Economic stability: The fourth stimulus check will increase consumer spending, which is a large part of the US economy. This will support businesses and can create new job opportunities.

2. Social welfare: Direct cash assistance not only reduces financial burden but also has a positive effect on mental health. People get some relief from the worry of the future, and they are able to provide better security to their families.

Conclusion

The fourth stimulus check of $1400 is not just a financial aid but has become the hope of millions of Americans. Given inflation, unemployment and economic instability, this initiative can be a decisive step in stabilising the country’s economy along with providing relief to the public. Now it remains to be seen whether the government listens to the voice of the people and gives them relief again.

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