Here’s the latest on the approval and distribution of state stimulus in 2022. Thus far in 2022, the states have done a much better job of getting additional funds to the American people than the federal government, and more are taking steps to get there.
However, as America seems like it may fall into recession, such ideas may regain momentum later in the year. Although the Biden administration has proposed limited relief for soaring gas prices via rebate cards or a gas tax holiday, neither has gained much traction yet in Washington.ĭiscussion of additional direct stimulus payments has also quieted dramatically. Federal UpdatesĪs of August 2022, the federal initiative for additional stimulus payments seems to be low. Here are the latest stimulus updates to know for August 2022. But are any proposals really anywhere near fruition? In light of this, many Americans are hoping for additional stimulus, from either the federal government or individual states, to stave off economic weakness. Read More: 7 Surprisingly Easy Ways To Reach Retirement GoalsĪlthough the economy bounced back strongly after the flash recession of 2020 - which only lasted two months - it has shrunk for back-to-back quarters to start off 2022, which could portend another recession. Here It Is: Our 2022 Small Business Spotlight Since then, there have been various attempts by legislators and even the general public to get more stimulus passed. In 20, American consumers and businesses alike were flooded with various forms of stimulus in an attempt to keep the economy stable during the worst of the coronavirus pandemic.