With a stimulus check payment on the table in the United States, the federal government is likely to support Americans financially amid another wave of Corona infections, this period for the Omicron strain, reports Marca.com.
Until now, there have been around three rounds of stimulus checks so far, but you may still be eligible for more by January 2022.
Many families will benefit from a second stimulus payment in January to help with living expenses. In such a setting, this stimulus check may be able to prevent a slew of household financial meltdowns.
More stimulus cheques are scheduled to be issued by the US government to help those affected by the current pandemic.
Groups That May Be Eligible For A January Stimulus Check
This federal form of government will most certainly continue to provide stimulus checks to selected workers in January, and states have utilised a portion of their federal aid to provide teacher bonuses. Mainly frontline workers from all walks of life, some even give state residents who satisfy the income requirements stimulation checks.
Babies born in 2021 are another eligible group. These are the latest Americans to be eligible for up to $1,400 in payments from the third and perhaps final round of checks that will be distributed in March. Your household must meet the income standards to get the full amount. Remember that married couples filing jointly pay $150,000, while single filers pay $75,000.
What Should You Do If The Stimulus Funds Run Out?
The prospect of not receiving another stimulus check may be discouraging, especially at this time when the rate of inflation is high and everything appears to be more expensive. However, there are still things you may do to improve your financial situation.
To begin, look at salary data to check if you’re getting a fair income at your current job. If not, you have the option of fighting for a raise or dusting off your CV and looking for a new job. Alternatively, if you’re looking for a part-time job, the gig economy is still thriving, so you might be able to pick up a side gig to supplement your income.
If you’re having trouble making ends meet, you can consider setting a tougher budget for yourself. That could mean temporarily cutting back on some costs until the cost of living drops again.