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.
How much is the cost of living in Oklahoma?
One of the main reasons for this new proposal is to help families with the rising cost of living. Currently in Oklahoma City, the average estimated costs each month are approximately $3,236 without rent. And when the average amount paid for rent of a three-bedroom apartment is $2,235 per month. This means that the cost per month is over $5,000 each month. The average salary in Columbia is $3,442 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 take home in their paychecks from their employer. For these families a few hundred dollars more each month could really make a difference.
What do you think about this new stimulus proposal? Please let me know in the comments.
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