Columbia, SC

New stimulus proposal would give South Carolina families thousands of dollars

Jake Wells

A new stimulus proposal, called the Family Security Act 2.0., has been introduced by Mitt Romney, Richard Burr, and Steve Daines. Under this proposal, families would receive $350 per month for each qualifying child ages five years old and under. For any families with children ages six to seventeen years old, the parents would receive $250 a month for each qualifying child.

Romney calls the bill “pro-family, pro-life and pro-marriage,” and it is the second version of the legislation after it was originally proposed in 2021. Romney says the payments would decrease the economic burdens on young parents and incentivize marriage by keeping the income threshold for benefits the same for single parents and couples.

Cost of living continues to rise

One of the main reasons for this new proposal is to help families with the rising cost of living. Currently in Columbia, the average estimated costs each month are approximately $3,305 without rent. And when the average amount paid for rent of a three-bedroom apartment is $2,959 per month, the cost per month is likely over $6,000 each month. The average salary in Columbia is $3,918 after taxes, so it is easy to see why so many people are struggling. The average family is spending close to $2,000 more each month than they make from their employer. Clearly an increase of several hundred dollars each month would make a big difference in the lives of these families.

What do you think about this proposal?

Please let me know in the comments.

Disclaimer: Please be aware that this article is only for educational and informational purposes.

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