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Fourth Stimulus Update – Pushing for Surprise Payment as Demand for $ 2,000 Increases Demand for Cash

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DEMANDS for a fourth stimulus check is escalating with new calls for surprise payments for some Americans.

The Senior Citizens League (TSCL) has launched a campaign to pressure the federal government to send checks for $ 1,400 to people on Social Security.

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Calls for fourth stimulus check escalate with new calls for surprise payments for some AmericansCredit: Getty Images

TSCL – a non-partisan, nonprofit organization – recently created its petition calling on Congress to issue a one-time stimulus check of $ 1,400 to the 69 million Social Security recipients in the United States.

The petition notes that social security benefits increased by only 1.3% in 2021, while 86% of recipients say their spending increased by more than that.

TSCL President Rick Delaney explained the need for the payments in a recent letter to Congressional leaders.

Delaney said his organization has heard from thousands of seniors who “ran out of retirement savings, started eating only one meal a day, started cutting their pills in half because they couldn’t afford prescription drugs “.

“[These are] some of the drastic steps so many people have had to take because of what inflation has thrown on them this year, ”Delaney wrote, adding that many seniors think“ our government has forgotten about us ”.

Mary Johnson, Social Security and Medicare policy analyst at TSCL, said a stimulus check of $ 1,400, combined with a 6% increase in the cost of living adjustment of Social Security (COLA) scheduled for next year would go a long way to alleviating the problems.

“There are several reasons why a $ 1,400 stimulus check for Social Security recipients is still badly needed” even with the COLA increase, Johnson wrote in an email to GOBankingRates.

She said a large percentage of social security beneficiaries find themselves in “financially fragile” circumstances.

Read our live blog on Stimulus Controls for the latest updates on relief from Covid-19 …

Meanwhile, another petition demanding monthly stimulus payments of $ 2,000 is approaching its goal of three million signatures.

The Change.org petition launched last year by restaurant owner Stéphanie Bonin has seen an increase in the number of signatures in recent weeks, topping 2.93 million on Monday.

More than 20 Democratic senators, including Elizabeth Warren, Bernie Sanders and Cory Booker, have pushed for recurring checks worth up to $ 2,000.

President Joe Biden has sought to provide aid in other ways through a $ 3.5 trillion federal budget.

GOLDEN STATES

In response to the White House’s reluctance, several states are sending their own checks to cash-strapped residents.

California, Colorado, Maryland, New Mexico, New York, Florida, Georgia, Michigan, Tennessee, and Texas have all implemented additional stimulus programs to help residents hardest hit by the pandemic.

States either draw from their own budgets or use the extra money allocated for federal relief as part of the US bailout.

States have received more than $ 200 billion to spend on economic recovery from the Covid pandemic and have until the end of 2021 to use the funds.

Additional stimulus payments are hitting bank accounts nationwide in the form of child tax credit checks.

The child tax credit plan has been extended to $ 3,600 from $ 2,000 earlier this year.

After the October stimulus payment, families will receive their last early tax credits on November 15 and December 15.

Stimulus Control Update – California Governor Newsom Spends $ 480 Million on $ 600 Payments Sent to People Earning Just Under $ 75,000

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