High Percentage Of Americans Couldn’t Last A Month Without Stimulus Checks

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The Government of Donald Trump proposed to the US Congress that a US$850 billion stimulus package be approved, including sending checks of up to US$1,200 to its citizens most affected by the new coronavirus, as part of a US stimulus package. $850 billion. In this sense, the Senate approved on Wednesday, March 25, the largest economic stimulus package in the country’s history.

In the beginning, US$ 1,200 was set aside for each American in a situation of poverty; US$2,400 per couple and an additional US$500 for each child under the age of 17 in the household. The same law states that only citizens who reported income of up to US$75,000 in 2018 and couples who together filed templates with income of up to US$150,000 will be favored. As the Pandemic went on, more and more strain was exerted on the economy and there was a need for other stimuli.

After he was elected the president of the United States, Joe Biden, announced that an economic aid package valued at 1.9 trillion dollars (1.5 trillion euros) would be set out to help deal with the economic crisis caused by the coronavirus crisis, which at that time had already done it damage, leaving more than 23 million cases and 388,000 deaths in the country. Thus, within that plan, some 400,000 million (330,000 million euros) are contemplated for the creation of a national vaccination program. This program was estimated to reach some 50 million people and the reopening of schools and educational centers during their first 100 days in the Oval Office.

In addition, some 350,000 million dollars (290,000 million euros) will be allocated to local and state governments, while the rest of the money will go directly to the pockets of US citizens affected by the crisis, through payments of up to 1,400 dollars (1,150 euros ) and other aid in terms of housing, or child nutrition programs, for families with few resources, as well as for small and medium-sized companies affected by the drop in income.

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Let us take a break for a moment and have a look at what was about to come if there was no financial assistance from the government. Scary right? A lot of people have been helped by this stimulus. Thus it was not a lot, it sure provided for some.

Do you need some numbers? Check out this page. It will help put everything into perspective.

 

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