In April 2020, the government began distributing stimulus checks worth up to $1,200 to eligible tax-paying people. The second wave of checks worth up to $600 was then distributed between December 2020 and January 2021.
Although the COVID-19 pandemic started in early 2020, its effects and the subsequent surge in inflation rates are still having an impact on Americans today.
Americans Still Need More Stimulus Checks
President Biden took office shortly after the second wave of stimulus checks and introduced his American Rescue Plan, which offered qualified taxpayers a check of up to $1,400.
Americans continue to call for additional aid, even though debates over a fourth stimulus check have subsided in Congress.
More stimulus or inflation relief checks are supported by 62% of Americans in 2023, according to a recent GOBankingRates poll. Let’s examine which states are most likely to issue stimulus checks in the following year and how much aid they might be provided in light of this data.
As per the survey by GOBankingRates, 62% of Americans anticipate receiving government-issued financial aid in the coming year.
Even though the majority of people support this measure of relief, 16% of survey participants are still unsure about it, and 22% oppose additional stimulus measures or inflation relief checks.
Americans over the age of 54 are less likely than adults under the age of 54 to favor government assistance programs.
Sixty percent of those aged 18 to 24 agreed, as did 69% of those aged 25 to 34, 70% of those aged 35 to 44, and 69% of those aged 45 to 54.
Americans over the age of 54, meanwhile, are less likely to support relief checks. 40% of persons over the age of 65 expressed a similar sentiment, as did nearly a third of those who identified as being between the ages of 55 and 64. Seniors are also the age group that is most undecided on this issue, with 22% of Americans 65 and older not sure how they feel about greater stimulus.
Let’s look at federal and state help trends in 2022 and the chance that Americans will receive relief checks in 2023 with the majority of Americans favoring some financial support as we enter the new year.
Read more: Stimulus Checks Update: These States Are Dispatching Final 2022 Payments
States Stimulus Payments
This year’s higher-than-average inflation rates have forced many Americans to reduce their spending or are causing them financial instability.
While the federal government did not issue any relief checks in 2022, many states decided to help their citizens out financially.
As of now, 19 states have passed legislation allowing residents to get tax refunds by the end of 2022. For qualifying recipients, these payments range from $50 (Illinois) to $3,200 (Alaska) and depend on the state.
Here are the states that are offering rebates to their citizens:
- Alaska
- California
- Colorado
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Maine
- Massachusetts
- Minnesota
- New Jersey
- New Mexico
- Oregon
- Rhode Island
- South Carolina
- Virginia
While there is always a chance that states will provide assistance in 2023, the US economy may make fewer states inclined to do so. Another wave of stimulus checks, it is feared, will increase inflation and harm the economy.
Nevertheless, there is a likelihood that some governments will provide relief. In fact, some states must share any extra money with their citizens rather than putting it back into the economy.
Although it is too soon to say whether states will have extra money next year, people living in the states that have this provision in place may be able to get some financial assistance.
Read more: Missing Stimulus Checks: IRS Owes COVID-19 Relief to 10 Million Americans; Are You One of Them?
