The Americans are still waiting in line for financial assistance from the government because of the coronavirus pandemic, but do not wait for new payments – the next check will most likely be the last.
Millions of Americans lost their jobs due to COVID-19, while most workers were cut salaries. Things went so bad in March that lawmakers passed the $ 2 trillion CARES Act, which included a one-time incentive payment of $ 1,200 for an adult and $ 500 for a child under 17 years of age.
Many people have already received – and have spent – their money, and unemployment rates are still at a record high; lawmakers have adopted a second package of HEROES to provide much-needed assistance. But Republicans opposed the law, and most likely, the following packages will not be accepted, so Americans should not wait any longer for financial support, economists say.