Survey Says That Most Americans Want to Receive Stimulus Checks in 2023 – Will There Be More?

Although Congress already discussed the release of the fourth stimulus check, Americans continue to advocate for another batch of relief after being affected by the rise in inflation rates post-pandemic. In April 2020, the government started sending up to $1,200 in stimulus payments to eligible adult taxpayers. The second round worth up to $600 was released between December 2020 and January 2021.

GOBankingRates survey showed 62% of Americans favor more inflation relief checks in 2023. They are hoping for some financial assistance to be issued by the government during the year. 16% of respondents were undecided while 22% are not in favor of more inflation checks.
The Survey’s results show the following age breakdown of those in favor:
  • adults under 54
  • 60% of 18 to 24-year-old
  • 69% of 25 to 34-year-old
  • 70% of 35 to 44-year-old
  • 69% of 45 to 54-year-old

Conversely, this is the result of the age breakdown of those not in favor:

  • Nearly a third of 55- to 64-year-old
  • 40% of adults over 65
  • 22% of Americans aged 65 and older are unsure

With the majority of Americans in favor of some financial assistance heading into the new year, let’s take a look at federal and state assistance patterns in 2022 and the likelihood of Americans receiving relief checks in 2023.

How to Determine if States Will Send Out Aid in 2023

The U.S. economic climate is not leaving the majority inclined in continuing relief offers, though there is always a possibility that states will send out aid in 2023. They fear that further inflation may happen due to another round of stimulus checks and would set the economy back.

If a state has excess funds, that is a good signal that residents may be able to enjoy some financial relief.  Instead of reinvesting excess funds into the economy, some states are obliged to distribute their excess funds to the residents. While it is too early to determine whether the state will incur excess funds, residents may start hoping for a relief check coming on their way this new year.

stimulus checks
Will there be more stimulus checks? (Photo: Tax Outreach)