While it is too early to determine whether states will have excess funds next year, residents of the states with this requirement in place might be able to enjoy some financial relief in the new year. In fact, some states are obligated to disperse any excess funds with residents instead of reinvesting them into the economy. That being said, the chances of states offering some relief are not impossible. The fear is that another round of stimulus checks would further inflation and set the economy back. might not leave many inclined to continue offering relief. While there is always the possibility of states sending aid in 2023, the economic climate of the U.S. What Are the Chances of States Sending Out Aid in 2023? The states that are issuing rebates to their residents include Alaska, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Maine, Massachusetts, Minnesota, New Jersey, New Mexico, Oregon, Rhode Island, South Carolina and Virginia, according to Forbes. These payments range from $50 (Illinois) to $3,200 (Alaska) for eligible recipients and vary by the respective state. Seniors are also the most undecided age group on this topic, as 22% of Americans aged 65 and older are unsure of how they feel about more stimulus.Īs of now, 19 states have approved legislation to offer tax refunds to their residents before the end of 2022. Nearly a third of 55- to 64-year-olds responded that they don’t want more stimulus, and 40% of adults over 65 responded in kind. Take Our Poll: Are You In Favor of More Inflation Relief in 2023?Ĭonversely, Americans over the age of 54 are less in favor of relief checks. Sixty percent of 18- to 24-year-olds responded in favor, as did 69% of 25- to 34-year-olds, 70% of 35- to 44-year-olds and 69% of 45- to 54-year-olds. When looking at the age breakdown, adults under 54 are more in favor of the government relief checks than older Americans. While the majority of the population is in favor of this relief, 16% of respondents remain undecided regarding the topic and 22% are not in favor of more stimulus or inflation relief checks. Sixty-two percent of Americans are hoping for some government-issued financial assistance during the new year, according to GOBankingRates’ survey. Survey: Most Americans Want Stimulus or Inflation Relief Checks in 2023 In light of this data, let’s take a look at which states are likely to offer stimulus checks this upcoming year and how much relief they might be offering. Next: Unplug These Appliances That Hike Up Your Electricity BillĪccording to a recent survey conducted by GOBankingRates, 62% of Americans are in favor of more stimulus or inflation relief checks in 2023.
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Almost immediately following the second round of stimulus checks, President Biden came into office and launched his American Rescue Plan that provided eligible taxpayers a check of up to $1,400.Īlthough discussions of a fourth stimulus check have simmered down in the halls of Congress, Americans continue to advocate for another round of relief.Įxplore: Your Biggest Money Etiquette Questions Answered
The government started sending stimulus payments of up to $1,200 to eligible tax-paying adults in April 2020, followed by a second round of up to $600 between December 2020 and January 2021. While the COVID-19 pandemic began in early 2020, the aftermath of the virus and the rise in inflation rates post-pandemic is still affecting Americans today.
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