$2,000/month Stimulus in 2022?

Jenn Leach

Is there a chance of a stimulus payment of $2,000/month per household coming to the U.S. in 2022?

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The Child Tax Credit ended in December with the final payment going out on December 15, 2021. There have been talks about it continuing into 2022 with up to $2,000 per month per household being available to those who are eligible.

The government has been discussing this issue back and forth for the past several months now.

Fox Business says:

Democrats are making last-ditch efforts to save a key piece of their ambitious tax-and-spending bill, days after Sen. Joe Manchin torpedoed the $1.7 trillion package. 

What's the new 2022 stimulus child tax credit being talked about?

It's still up in the air what the proposed 2022 stimulus child tax credit would look like in terms of eligibility and if the amount would remain the same or change.

People are calling this tax credit poverty-fighting as many families might be facing poverty-stricken conditions without it.

Senate Finance Chair Ron Wyden, D-Ore. said:

"We want to do everything humanly possible to keep the child tax credit on track,"

What happens with the child tax credit ending?

People will be lowering their household income by the amount of the tax credit every month, which can make them more susceptible to experiencing difficulty making mortgage and rent payments, paying bills, and food insecurity.

This article talks about food insecurity potentially being a problem as the tax credit ends in December. They share that a Census Bureau survey is finding that hunger is rising as the tax credit relief expires.

Bloomberg says:

Hunger is rising this holiday season with the U.S. Census Bureau estimating more than 21 million Americans didn't have enough to eat in early December as pandemic relief payments run out and grocery prices rise.

What do you think about the possibility of a $2,000/month stimulus child tax credit happening in 2022?

Share your opinion in the comments..

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Millennial entrepreneur and writer bringing you fresh content and ideas about making money, side hustles, personal finance, budgeting, and lifestyle. Connect with me: www.millennialnextdoor.com

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