New COVID Stimulus Checks Are Coming to Some American Workers – The Madison Leader Gazette

0

Almost two years after the start of the pandemic, some of the hardest hit workers in essential industries are still in financial shock. Many have been forced to dip into their own pockets to pay for job essentials, including protective gear and child care.

To help with this spending, the government has announced up to $ 700 million in financial relief – essentially a new kind of stimulus check. Payments will be targeted to eligible applicants.

Those who qualify will have the option of covering household expenses or paying off debts – and there is still time to apply.

Funding for the essential workers who feed America

El Nariz / Shutterstock

Farm and meat-packing plant workers will be able to receive cash through a new farm and food worker relief subsidy program, which was announced in recent weeks.

The US Department of Agriculture said grocers could also request to receive part of the money.

Americans who will be entitled to payments all those who work in industries related to food, where sheltering in place or working from home was not possible.

These new stimulus checks are being distributed by state agencies, nonprofits and tribal entities, which will apply for funds and then distribute the money to workers.

The USDA has so far not announced when eligible applicants can apply, but earlier this month officials told the Monterey Herald in California that workers will learn more about the process this fall.

Stimulus checks for hundreds of dollars

Farm workers picking strawberries in a field

F Armstrong Photography / Shutterstock

Farm workers and meat packers are entitled to up to $ 600 for pandemic health and safety costs, including personal protective equipment, child care and related expenses to testing or quarantine, according to the USDA.

About $ 20 million of the $ 700 million pooled will be set aside for grocery store employees. However, the amount that individuals in this industry will receive is not yet known.

“Our farm laborers, meat packers and grocers have overcome unprecedented challenges and taken significant personal risks to ensure that Americans can feed and support their families throughout the world. pandemic, ”Agriculture Secretary Tom Vilsack said in a press release.

“They deserve to be recognized for their resilience and financial support for their efforts to meet personal and family needs while continuing to provide essential services,” said Vilsack.

Other COVID-19 relief still available

Dad and daughter save money in a piggy bank

Rawpixel.com / Shutterstock

This new round of aid is tightly targeted. If you are one of the millions who are still struggling and you are not a farm worker, meat packer or grocery store worker, there are other pandemic programs still open that could give you a financial boost. .

How to get some more stimulation ASAP

Couple sitting on the sofa at home, looking at their financial statements, stressed.

David Prado Perucha / Shutterstock

Can’t see a program that could help you? Whether your budget feels a bit tight these days or you can just use a little extra spending money, there are several options to help you create your own stimulus.

  • Manage your debt. Credit can be convenient, but having a balance on your card will end up drowning you in expensive interest. Solve this problem by consolidating your balances into one debt consolidation loan. With a lower interest rate, not only will you lower the cost of your debt, but you will also be able to pay it off faster.

  • Swap your mortgage. Nearly half of homeowners who took advantage of the pandemic’s historically low mortgage rates are now saving $ 300 a month or more, according to a recent Zillow survey. If you own your home and haven’t refinanced in the past year, this might be the best time to do so. Thirty-year mortgage rates hover around 3%, so compare several refinancing offers to see how much you could save.

  • Save while you shop. If you shop more online, a free browser extension can help you find the lowest prices by automatically scanning thousands of retailers.

  • Turn your money into a wallet. Even if you don’t have a lot of money, you can still earn returns in today’s scorching stock market. There is a popular app that can help you invest your “spare currency” from your daily purchases and build a diverse portfolio.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.


Source link

Leave A Reply

Your email address will not be published.