Go Banking Rates wrote, ‘During the COVID-19 pandemic, the federal government issued three Economic Impact Payments (EIPs) to eligible U.S. taxpayers. The first stimulus check issued was for $1,200 in April 2020, followed by a second for $600 in Deceember 2020 and January 2021. The last payment, for $1,400, was issued by the IRS to qualified Americans in March 2021, per USA.gov.’
According to a survey comissioned by Newsweek via research consultant Redfield & Wilton Strategies, found that the majority of Americans are open to more stimulus payments identical to the Covid-19 relief programs launched in 2020.
63% of the 1,500 people recently polled said they would support the federal government issuing a fresh round of checks to deal with personal inflation. 42% said they “strongly agree” with receiving more payments.
Some, however, are not in favor on new stimulus. 18% do not want more stimulus, 15% are indifferent, and 3% were unsure how they felt at the time when the study conducted roughly two weeks ago.
Diana Furchtgott-Roth, former chief economist for the Department of Labor, commented on the results, saying this will only injure the economy even more and inhibit laziness.
This is because America has 10 million job openings that need to be filled. This drives up the cost of labor as employers compete for workers. It makes goods more expensive because firms are producing less than they prefer. It makes services more expensive because service-providing organizations — such as restaurants, hotels and airline companies — cannot provide all the services that consumers demand.
She said
The WinePress has reported that multiple states have already been working on, and have delivered their own stimulus payments and rebates to help quench some inflation and gas prices in the acute term.
Two weeks ago a Lending Club report that 63% of Americans living each week paycheck-to-paycheck, including almost half of those earning over a 100K a year – the same ratio found in the aforementioned survey.
Consumers are not able to keep up with the pace that inflation is increasing.
Being employed is no longer enough for the everyday American.
Wage growth has been inadequate, leaving more consumers than ever with little to nothing left over after managing monthly expenses.
Said Anuj Nayar, LendingClub’s financial health officer.
AUTHOR COMMENTARY
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
I would not be shocked if the survey results were skewed to match with the Lending Club data; notwithstanding, it does not change the fact that the consumer is broke, and has a spending addiction that cannot cured and repressed. Americans are consuming themselves away.
Moreover, they are quite moronic indeed. It goes without saying, but printing any amount an affluent amount of money will only worsen the problem. But the government wants the people salivating for more free money, as it aids them in rolling out their digital IDs, social credit scores, CBDCs.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I do not agree with the stimulus payments, I think you should work and earn your living, if you have a low paying job get yourself an education, then you will be able to live a normal life with a decent paying job, that is what millions of us have done! We worked hard and live very comfortably, no to stimulus payments, which is glorified welfare.
Socialism at its finest. Do the employers ever think that the mandates are part of the reason why they can’t fill jobs? I am one of those people who can’t wear a mask due to sinus issues and these employers keep playing Simon Says with the masks every time a new variant arises.
That’s how I feel, Nikki! I would LOVE to work and am looking into doing a job search, but I worry the mask stupidity will come back and I fell for it early in this “pandemic”, in 2020, going for work and feel bad I did that, as I was subsequently fired and for what, I don’t even know exactly! The thing is, they do this again and I’m employed, I am NOT going along with it, so I guess I’d be getting fired AGAIN. What a waste of my time, were that to be the case, all for having a spine/backbone enough to say NO MORE to this FOOLISHNESS!