For months, Americans have struggled to keep up with their living expenses amid rising prices. Many individuals, in fact, have started to accumulate credit card debt just to be able to meet their basic expenses, and others have had to withdraw money from their savings accounts.
Many people were anticipating that the federal government would come to their rescue in the same manner as it did last year, with a stimulus payment. In March 2021, lawmakers authorized a stimulus program that distributed payments of up to $1,400 to the public and helped many individuals cover their living expenses at a time when unemployment was still widespread.
However, the labor market is stronger these days, making it difficult to argue for another federal stimulus package on its own. That doesn’t imply, however, that states aren’t stepping in to assist individually.
Some states are using their extra cash to give money to residents, allowing them to use it as they choose. Here are a few of the states expected to distribute stimulus money in August.
In May, the state of Delaware began paying out $300 payments to qualifying residents. However, not everyone who is entitled to this money has received it yet, and so the state will distribute extra funds this month.
In July, Florida officials said that every low-income family with children would receive a $450 stimulus payment per child. The money should be distributed in August.
Georgia residents may get up to $250 in state stimulus money for each person or $500 for a couple. Those who submitted their state tax returns by mid-April should expect to receive their payments in August.
Residents of Hawaii could be entitled to up to $300 in stimulus money, referred to as a tax rebate. Payments are anticipated to begin at the end of August.
Indiana was one of the first states to launch a stimulus program, and payments started arriving in May. Residents who have not been paid may expect it this month.
In Minnesota, frontline employees are now eligible for a $750 stimulus payment. Eligibility for that money was determined by July 22, and payments should begin this month.
7. New Mexico
Residents of New Mexico who meet the adequate requirements will receive a $500 stimulus payment from their state. Those first half payments were made in June. The second half is expected to arrive this month.