Let's just say, former presidential candidate, Andrew Yang is probably sitting at home thinking 'oh, NOW they listen to me!' In fact, we know he is.
Long story short, it's very possible that within the next month or so, every American will be receiving money in the mail. With daily economic life coming to a screeching halt, the federal government is strongly considering giving Americans $1,000 as part of a $1 trillion stimulus bill. According to the Washington Post, "negotiations between Congress and the White House are fluid but Americans could get two $1,000 checks."
In fact, this isn't the first time that Americans have gotten money straight into their pockets. If you cast your mind back 12 years to 2008, Americans were sent checks of between $300 and $600 just before the financial crisis hit.
Even more interesting, our own Congressman, Rep. Joe Kennedy, said at a news conference that the government should give $4,000 immediately to adults who make under $100,000 a year. He laid out his plan as:
—$4k to every adult who makes under 100k per year
—$2k to every adult who makes over 100k per year
—$1k for every child 18 or younger
This is significantly more than the numbers the federal government has considered, but Rep. Kennedy believes these are necessary measures, “we need to put cash directly in the hands of every American,” Kennedy tweeted. “Our families need support now.”
Either way, if you are hurting financially, good news may be on the horizon. If you have a full-time job and may not need this cash influx, consider donating it to non-profits, especially those who work in providing health care, or who support our poorest families during these trying times.
Image via Wikimedia Commons