With the US economy moving forward quite assertively, the fourth stimulus check seems less likely as reality within Congress. At the same time, last year saw the national economy sitting pretty dire. With the unemployment rate accelerating at a very high rate, the Coronavirus simply added to the burden the Americans were already facing. But currently, things have changed.
The vaccines for coronavirus have been made widely available- with the major part of the demography already vaccinated. The economy itself is moving in a direction where there is light at the end of the tunnel.
Fourth Stimulus Check Seems To Be An Improbability Now
The Back-To-Normal Index by CNN Business, which was made using Moody’s Analytics the previous year, has reported that the US economy is actually developing at a rate of 90%. Just last year, the rate was somewhere around 57%. Yet, it must be remembered that 90%, while quite impressive, isn’t 100% yet. The last 10% might be the most elusive of the lot. There are still a large number of states that have been under the trap of high levels of unemployment. This gets increased when one realizes that with schools effectively shut down, most of the people would have to stay in- creating a further gap in the employment hierarchy.
In such a situation, the probability of the fourth stimulus check seems 100%. But, with the way things seem to be changing, the odds of yet another stimulus payment are pretty slim. Nonetheless, it is pretty easy to understand why people are still rooting for it. Just that, the bigger picture should be kept in mind- income stability is more important than supplementary payments.
Therefore, even if the fourth stimulus check saw the light of the day, it would have been targeted towards the financially poorer sections. The stimulus payments would, in hindsight, be set aside for long-term unemployed, or workers who fall under the category of low-income.
