According to Forbes, after passing the 3 million mark just over a week ago, signatures on an online petition demanding the federal government to award American citizens with stimulus cheques amounting to $2,000 per month for the duration of the COVID-19 outbreak are still growing.
In the last week, more than 15,000 individuals joined the very popular petition on stimulus check on Change.org, making it one of the most popular petitions on the platform. Congress, on the other hand, is unlikely to grant additional direct payments. Stephanie Bonin, a Colorado restaurant owner, started the petition in 2020 when the pandemic forced businesses and lockdowns to close across the country.
The petition has been signed by people from all 50 states. On January 7, it became the first petition to exceed 3 million signatures. As of the time of writing, it had received almost 15,400 additional backers.
The Petition
“I’m urging Congress to provide immediate assistance to families by providing a $2,000 payment for adults and a $1,000 payment for children, with regular checks continuing throughout the crisis. Otherwise, laid-off workers, workers with reduced hours, self-employed workers, furloughed workers will struggle to pay their rent and feed their families “According to the petition.
According to data provided by the Labor Department on Thursday, the quantitative measure of initial unemployment claims for the week ending January 8 was around 230,000. That was an unexpected increase from the preceding week, along with some analysts speculating that the increase was related to a surge of COVID-19 infections (owing to the quickly spreading Omicron strain). However, since the beginning of the epidemic in 2020, the number of unemployment claims has increased dramatically.
Financial Stability
In addition to the fact that Joe Biden, the POTUS or President of The United States, has so far refused to make such a move, and it’s unlikely to happen. According to Forbes, if a fourth stimulus check is issued, a monthly payment is unlikely to be preferred over another round of one-time payments.
Some financial stability would be greatly appreciated by people who have been struggling from the start of this nightmare.
However, following three rounds of stimulus checks during the epidemic, and with some good trends — Forbes notes that “stock market recovery, high vaccination rates, and job data” have all improved in the last year – the fourth round of checks appears doubtful.