More ‘surprise’ stimulus checks to help Americans with crippling inflation could be on the way as calls grow – Community News
Stimulus Check

More ‘surprise’ stimulus checks to help Americans with crippling inflation could be on the way as calls grow

ADDITIONAL stimulus packages may be on the way to help Americans strapped for cash amid crippling inflation.

In October, prices rose 6.2 percent from last year, when inflation reached its 31-year high.

Americans call on President Biden to introduce another round of stimulus checks in their fight against crippling inflation

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Americans call on President Biden to introduce another round of stimulus checks in their fight against crippling inflationCredit: Getty

Feeling the sticking point in the run up to the holidays, some Americans called on Joe Biden to introduce another round of stimulus checks.

Speaking to the president, one Twitter user said: “Mr. Joe America needs stimulus money. Your approval rating would immediately go up. The kids need this money for Christmas.

“We thank you for everything you’ve done, but it’s just not enough. So many families are having a hard time. I can’t keep up with inflation.”

Another asked: “Stimulus control, when? @POTUS.”

Some economists have blamed the stimulus for causing inflation, while others disagree.

Sanjeev Kumar said: “It would be foolish to slow down the economic recovery in order to control inflation, especially if there is sufficient evidence that it is transient.

“US needs more tax incentives, not less. & we need to take some measures to remove supply chain bottlenecks (they are already improving).”

Another federal stimulus package seems unlikely right now, but that won’t stop Americans from asking for extra money before Thanksgiving.

Read our stimulus checks live blog for the latest updates on Covid-19 aid…

According to data from the Bureau of Labor Statistics, the price of a frozen turkey is up 20 percent from last year.

Experts from the American Farm Bureau Federation say a 10-person turkey dinner and all the trimmings cost $53.31, compared to $46.90 last November.

Republican critics told Fox News that Biden “will not get any thanks” from American families.

According to a KPMG survey, about three in four shoppers are expected to change their shopping behavior as a result of rising prices.

More than three in 10 say they plan to buy products for the holiday season, and 28 percent admit they are likely to spend more time hunting for bargains, according to the study cited by Quartz.

FEELING THE PINCH

But millions of families will receive their last monthly child tax credit in December.

As of July, advances were paid and parents with children under the age of six have received checks worth up to $300 per child.

The final check will be sent on December 15, and the families should receive their payments days later.

Checks sent via direct deposit are expected to land in bank accounts before Christmas.

Parents can claim up to $1800 when the tax return is filed next year.

And Social Security recipients will likely see a cash boost in the new year.

Retired workers will receive an “incentive check” worth about $1,600 because of the new cost-of-living adjustment.

The new year’s checks will include the 5.9 percent increase for the first time – the highest increase since 1982.

Retired workers earned an average of about $1,562.66 in October, and their pay will rise to $1,654.65 when the new COLA is applied.

The checks will rise by an average of $92 from January.

Americans who receive Supplemental Security Income (SSI) also see a 5.9 percent increase in their monthly checks.

Payments will increase by an average of $34 to $621, compared to $587 in January.

US inflation rises to 5% – highest price in 13 years after Trump warned of ‘massive inflation under Biden’

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