But There’s Always a Glimmer of HopeĪlthough pockets of the economy are booming, the unemployment rate remains above where it stood before the pandemic, and other enhancements, such as the expanded child tax credit, have expired. ![]() Until this trend reverses, federal stimulus is likely on pause, if not over completely. The Biden administration seems focused primarily on infrastructure spending, while many economists warn that additional stimulus would only accelerate the rise in inflation, which hit an astonishing 8.5% in March 2022. But the federal government’s appetite for more direct stimulus is waning. Of that, roughly $1.8 trillion went directly to individuals and families, while another $1.7 trillion went to businesses. government injected roughly $5 trillion in stimulus money into the economy. See: 50 Ways You’re Throwing Money Away Federal Stimulus Is Likely Overįrom March 2020 to February 2022, the U.S. What does this mean for additional stimulus payments in spring 2022?įind Out: How To Get Rich With a Normal Job ![]() ![]() Combined with the trillions of dollars of stimulus money in the system, inflation exploded in early 2022 to levels not seen in decades. But even as widespread mask mandates and travel restrictions remained in place, the American economy enjoyed a sharp and rapid recovery. Stimulus payments came in waves, and as the pandemic lengthened, it almost seemed as if the government would continue to print money forever to bail out the economy. The coronavirus pandemic brought unprecedented stimulus to American businesses and workers to the tune of trillions of dollars.
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