In 2023, inflation became an important concern for many Americans. The government has already passed several rounds of stimulus payments to help Americans cope with inflation. The rounds of stimulus payments include $1,200 in April 2020, $600 in late 2020 and early 2021, and the latest $1,400 from President Biden’s American Rescue Plan.
According to a recent survey conducted by GOBankingRates, 62% of 1,028 Americans aged 18 and over are in favor of more stimulus or inflation relief checks in 2023, while 22% are against the idea and 16% are undecided.
According to the same survey, this positive response can be partially attributed to the fact that 24% of Americans are living paycheck to paycheck. The survey showed that the most stressed about money were Gen Xers aged 45-54, with 28% reporting living paycheck to paycheck, followed by younger millennials aged 25-34 (25%) and adult Gen Zers aged 18-24 (24%).
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However, some people are against the idea of more stimulus checks due to some concerns about inflation. Large amounts of cash infused into the economy can lead to inflation, and since current inflation levels are already high, some may feel that their concerns have been proven correct. Additionally, low-income people tend to benefit more from stimulus checks, so those that do not belong to this category may not see the need for more government funding or inflation relief checks.
In conclusion, with over 60% of Americans in favor of more stimulus checks, it remains to be seen what actions the government will take to address the current inflation concerns and provide financial relief for citizens. As the future remains uncertain, the possibility of more stimulus checks in 2023 remains.
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