Stimulus Check for the third instance has already been rolled out to the eligible citizens. It has helped to stabilize the economy to a great extent. Citizens have added their stimulus money to their savings. Many have used it to pay off their debts. America is pleading with the government for cashing out further funding. They have stated that many people are underemployed. Citizens are finding it very hard to make a living. The first three sets of payments contributed widely towards the boosting of the economy. Politicians and people feel that there is a need for one more such funding.
The federal government has not shown any interest in providing any further finances. They have instead concentrated on several other alternatives. The US administration has increased the rate of vaccination for the people. Joe Biden stated that the only way to fight back the pandemic is vaccination. They have also ordered the opening of local businesses so that people would find their jobs back. However, all these measures did not seem to please the citizens. They demanded more money from the government.
Although a fourth stimulus check is not possible, several payments are still available. The Child Tax Credit payments are one such payment. These have helped the struggling families largely. Let us learn in detail the purposes the funding served so far.
Stimulus Check: Child Tax Credit Serve Many Purpose
The Child Tax Credit payments were rolled out from July. The money received was aimed at assisting with child support. However, with the acute financial crisis, the money served several purposes.
In the initial months, the entire money was used to pay off the debts. Gradually, as the economy started to settle, the money was used to meet the education expenses. Surprisingly, only four percent of the stimulus checks were directed towards childcare.
