Most Americans say they already need stimulus check #2

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The IRS has only recently begun sending out long-awaited stimulus direct deposit payments to Americans as part of the economic package Congress passed in March in the wake of the coronavirus pandemic.
While everyone is keeping an eye on the IRS’ stimulus check status tracker, however, it’s starting to become clear that the money everyone is waiting on now may not even be enough. In fact, most Americans say they’re having such a tough time that they already need a second round of stimulus checks.
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When Congress passed and President Trump subsequently signed into law the $2.2 stimulus legislation at the end of March that was meant to blunt some of the economic pain stemming from the coronavirus pandemic — and which provides for direct payments to most Americans, among other things — official Washington patted itself on the back for a job well done. They had moved fast and in dramatic fashion to get money out the door and into the hands of people who need it most, and who need it right now.

Only, things aren’t exactly working out that way. Not completely. If you haven’t gotten your stimulus payment from the IRS yet, perhaps because you’re waiting on a paper check to come in the mail as opposed to people who’ve already received theirs electronically via direct deposit — there’s some bad news. Check out this timeline from the Ways and Means Committee in the US House of Representatives: It says that paper checks started to be put into the mail this week, and they’ll be issued at the rate of about 5 million a week, which could end up taking about 20 weeks to get all of them sent out. Meaning, if you’re one of the unlucky ones near the back of the back, you might not get your paper stimulus check until September. And so, because of that delay, as well as the fact that many Americans don’t even think the checks themselves represent a big enough chunk of change (up to $1,200 for individuals, and $2,400 for married couples), many Americans now say they could probably go ahead and do with a second stimulus check at this point.

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Most Americans say they already need stimulus check #2 originally appeared on BGR.com on Thu, 23 Apr 2020 at 22:34:55 EDT. Please see our terms for use of feeds.