![]() ![]() And almost one-third of households continue to cope with reduced income due to the pandemic, according to a recent study from TransUnion. A quarter of Americans struggled to pay their household expenses in the previous week, according to Census survey data from June 23 to July 5. Many families continue to struggle with a financial hit to their income since the pandemic, with the unemployment rate standing at 5.9%, or still far higher than its pre-pandemic level of 3.5%. About 1 in 4 people on unemployment will lose their benefits from the early cutoff of jobless benefits, according to an estimate from the Century Foundation, a liberal-leaning think tank. The latest batch of checks comes as 26 states have or will soon end enhanced unemployment aid, cutting of millions of jobless workers from $300 in weekly jobless aid two months before the federal funding is due to expire. And another 900,000 payments were for plus-up adjustments for people who qualified for bigger checks based on recently processed 2020 tax returns, the IRS said. That's because the IRS prioritized sending checks to people who had already filed their 2019 or 2020 tax returns, since the agency was able to quickly verify eligibility based on income and also determine where to mail they checks or directly deposit the money in known bank accounts.īut some others, such as those who aren't required to file tax returns or who claimed adjustments on their payments, have had to wait for the IRS to process their payments.Īmong the 2.2 million payments are 1.3 million checks sent to people who recently filed a tax return and for whom the tax agency didn't previously have enough information to issue the money. ![]() ![]() While the latest stimulus payments began hitting bank accounts in March, some people have had to wait weeks or months for their checks. ![]()
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