It seems pretty clear to me that many Americans will be in need of some type of financial help over the summer. According to a recent survey by SimplyWise, 63% of Americans will likely need an additional stimulus check within the next three months.
But I’ve been closely following a lot of the developments related to the stimulus checks and I am starting to think that a second round of stimulus checks may not happen, or at least it will face a much more uphill battle if it does.
Below are some factors to consider for those people who might be banking on additional funding coming.
Obviously, we don’t know what will happen and hopefully additional funds will be sent out to people in need but it’s good to be aware of what is being said by those in power so that you are not caught off guard in the future.
President Trump doesn’t seem thrilled about it
Back on April 7, President Trump seemed to be entertaining the thought of a second stimulus check. “It is absolutely under serious consideration,” Trump said.
At a recent press conference, though, President Trump was asked about what he thinks about a second round of stimulus checks and he didn’t seem as interested.
He did not outright say he was against it but by implication he signaled a lack of interest as he reiterated that he wanted to get behind payroll tax cuts rather than affirming interest in another round of checks.
That doesn’t mean he could not get on board but if the president was truly interested in sending out another round of stimulus checks as a priority, you would think he would have answered that question differently.
White House economic adviser Kevin Hassett is not fully on board
In another instance, White House economic adviser Kevin Hassett said that another round of coronavirus relief legislation might not be necessary. So not only would another round of stimulus checks not happen, but an entire round of additional funding for various purposes such as for local governments may not happen.
Personally, I think we are going to see another round of funding in some form.
There are a lot of needs out there and discussions like offering increased pay to those working on the front lines and in places like grocery stores. So I think that even if a second round of stimulus checks does not happen, there will be an additional round of stimulus funding that goes out.
The GOP is concerned about national debt
GOP members have expressed that they are reluctant to add to the spending because of the national debt and because they want to take a closer look at how all of the aid that has gone out is going out will impact people.
This, in my opinion, could be the biggest reason why it could take a long time for more checks to come out. Many GOP members were on board with sending out these checks initially and that allowed things to move pretty quickly.
But now that there may be a level of GOP resistance, it could be much more difficult to get something like more stimulus checks passed, at least in the same expedient way that it was done the first time around.
The timeline for stimulus checks
Just looking at the timeline for expected stimulus check payments makes me feel like there is not an urgent need to send out more.
The first round of payments are expected to continue to go out for several months all the way to basically mid-September.
It would seem a little weird for them to start sending out second rounds before many Americans even receive their first round (although those set to receive funds in the later stages have higher incomes). And this ties into the GOP’s concern, that they want to first to see how the funds affect people before sending out more.
So if a second round of checks did come out, this timeline makes me feel like it would not be very soon.
So why would a second round of checks happen?
I think another round of stimulus funding probably depends on how successful the states are in reopening.
If we see surges in cases develop quickly and cities and counties have to shut things down once again and people have to go back into quarantine for an indefinite amount of time, then there will be more need for another round of funding.
In that situation, I could see Congress getting together and making another stimulus package happen.
In another situation, it’s possible that these openings could go relatively smooth. Small businesses could start to open up their doors and begin to make money again and therefore be able to pay their employees.
In this scenario, the need for another stimulus check would be less or perhaps only needed for a smaller subset of people that originally received the checks.
There is also a third scenario where the success of reopening states is a mixed batch where some states have businesses getting back to normal while others are still struggling mightily to open up without recurring surges.
In that situation, more stimulus checks would be needed by some citizens and not by others so decisions would have to be made on if these could be issued based on need.
The bottom line is nobody knows how the recovery is going to progress over the next couple of months so there is no way of knowing what ultimately will happen with the second round of stimulus checks.
But what is clear is that a growing number of officials at the top levels of the government do not seem to be very passionate about a second round of stimulus checks right now.
The Senate is set to return to Washington this week but the House will not return until next week so it could be another week until we get a clear picture on what is going to happen.
Many in the legislative branch, including former presidential candidates Kamala Harris and Bernie Sanders, have expressed interest in continual monthly payments until things start to get back to normal and we’ve seen some impressive proposals so there is a lot of support from lawmakers for a second round — it’s just a matter of is there enough.
I will be providing updates on the possible second round of stimulus checks so be sure to stay tuned in and if you were not subscribed to click the bell in the bottom right corner of the website so that you don’t miss out on updates.
Daniel Gillaspia is the Founder of UponArriving.com and the credit card app, WalletFlo. He is a former attorney turned travel expert covering destinations along with TSA, airline, and hotel policies. Since 2014, his content has been featured in publications such as National Geographic, Smithsonian Magazine, and CNBC. Read my bio.
Ok, no second round of checks. I’m ok with that. I’d rather not run up the National debt unless we can somehow stick China with it. Then open the country good or bad because people need money one way or another. If people get sick, they get sick. I have a governor (NY) telling me I am not allowed to work under penalty of law, but I am getting no relief from him in terms of unemployment because the system is overwhelmed and isn’t sure how to handle self-employed people. Meanwhile, my bill collectors response to all of this: “fuck you, pay me”…..and that’s usually with an Indian accent which is another part of the problem is America.
Open the country up, Good luck everyone. Wash your hands.
Stop giving away billions to other countries and help us out for once especially us people who worked so hard over the years and are struggling for the time being smdh.
I can’t believe that the people still working and earning should not recieve any stimulus, my neighbor the fireman makes over 100,000 a year and still working why others lost thier income to the pandemic. So why would he need stimulus when others really need stimulus. Help unemployed who have no income for 2 months
Agreed David.
Stimulus should be used to augment the unemployment nobody seems to be able to get.
True I haven’t gotten any unemployment I have been trying but can’t say it’s gonna come
I agree I broke my foot two weeks ago and I don’t know what I am going to do..
Amen
Re-Investing in America means ALL AMERICAS MONEY GOES TO ITS MILITARY ,INCLUDING CONTRACTORS STUCK OVERSEAS! VET OUR CO YRACTOES HOME
.THEY DESERVE A FLIGHT BACK TO THE USA BEFORE ANYTHING ELSE .. AND SEND OUT TWO MORE ROUNDS OF STIMULUS CHECKS.. BY THEN WE WILL HAVE HAS ENOUGH DEATH AND WILL DO ALL TO STOP THEM…WE WILL NEED TO START VACCINE FOR THE CHINESE FLU VIRUS NOW! WE WILL NEED TO KEEP OJR EYES ON FRONT LINES AMS IN THE SEA AND AIR AS A SUCCESSFUL MILITANT AGAINST ALL… ITS A DOG EAT DOG WORLD RIGHT NOW AND GOING TO PLAY OUT TO A WAR TO END ALL WARS MAYBE.. GIVE CONTRACTORS AN EZPRESS RIDE HOME TO US AMD A CHECK FOR TWI MONTHS ALONG WITH THE VIRUL ENOCHS .. THEN FOCUS ON THE ACTUAL WAR AT HAND… STATES CAN MANAGE THEMSELVES FOR THE NEXT TWO TO THREE MONTHS..EVEN THE CITIZENS BITCHING ABOUT GETTING THE HELP TO SURVIVE CANNOT DISTRACT GOING FORWARD OR ALL IS LOST! NOW MOVE! AND DEMOCRATS GET OUT AND FUCKING WORK AS EFFICIENT STATES COLABORATORS OR GET FUCKING OFF OUR PAYROLL! 🇺🇸✝️☯️♾️🇺🇸
Amen Steve!!!
I live in the United States I live in New Tazewell tn I only get $783 a month ssi is the only income my husband and I have just my income $783 in ssi doesn’t go anywhere after paying the bills we don’t have children we haven’t even seen the first stimulus check we are in diyer need of it and the workers who didn’t get theirs same for them they have a family to take care of we all need the stimulus check I don’t ask for much but everyone who needs this stimulus check in are cuntry United States we need it we the people of America need it I agree stop sending money to the people who doesn’t live in America
I’m on SSI income $783.00 monthly after all my bills are paid i don’t have that much money yo live on and i ain’t got a stimulus checks yet how can i find out if we get one or not i hope i do
I’m on SSI income $ 783.00 monthly and after i paid all my bills i don’t have no money after that to live on i hope i get a stimulus checks i didn’t get one yet and how can i find out or not I’m from Cincinnati, Ohio.
For many years we have been helping out other countries with billions of dollars !Now it’s time to help the American people if we lose this battle at least we tried to help our own people
Money for United States of America only we need it the other countries don’t help us!
What is it going to take for you to wake up and see more people are dying since you opened up the states it is like you all want us to die
I agree with all of these people except the one that doesn’t want to run up debt… I think the people are saying for reasons unforeseen in connection with The Chinese Virus …. A great many people are commiting suicide as well as murdering children in the insurmountable crisis … No house arrest should be the answer but stay in your car and take advantage of the has prices , the warmer days (rain or shine ) there is peace and fun in both .. teach meditation in your home and take it seriously..there are churches in line and parking lots.WE NEED ANOTHER TWO STIMULUS CHECKS TO GET THROUGH THIS AND START VACCINES NOW
Absolutely I totally agree with your comment we didn’t ask for this Chinese virus Now were all suffering because of this Bullshit!!!
I totally agree with you!!!
It’s like this either the Republicans or the Democrats they both have the ball in their corner who ever votes against it will lose alot of votes so they best work together and for the people not for a feather in his or her ass
We need to help our own… this country is falling apart!!.. something has to give here!!.. we can stick together, however we need our government to step up for us!!!… our country should and it’s people should come first!!!…
The goverment sucks I’ve already used my first stimulus check to pay last months Bill’s haven’t seen any ui snap or any other kind of help I’m not doing anything to stimulate the economy because I can’t work due to being laid off and all this months Bill’s ate now late who’s trying to help the average worker Washington quit arguing and give us some help I thought that’s why we pay ate taxes
Our Government needs to stop pading there own pockets,aiding other countries..Our country is falling apart..We the American people have Ben let down by our own government.youve Ben robbing the American people n shitting on us..What we need is Trump.you Democrats need to shut the fuck up n sit the fuck down.your part of the problem..GREED N LUST of Men is killing this country.
In case you haven’t heard– Trump is your government for 4 years now. We, Democrats can’t get anything passed without the Republicans having the last say soooo….who needs to shut up….I agree, we have been let down by our Government for many many years, both Democrats n Republicans when they make those nice payments to overseas. Yes Greed is killing the country, so Who Gonna Sit the F__ down?????
I stopped reading your article when you said President Trump didn’t seem interested in giving us another check! I’m sick & tired of people like you, who call themselves journalists, saying lies. HOW can you even implicate that Trump isn’t interested? From the start, this man has done everything in his power to try and help the American people! It’s the other zoo animals in there like Pelosi and her cronies causing all the rift so, just quit!
It seems like somebody like you, who deems themselves a professional, listing all of your credentials like you’re proud of all of your accomplishments and yet, you spew the typical BS. You get on the same band wagon with all these other two-cent, fly by night, so-called “professional” journalist, to see who can’t write the most ridiculous crap, hoping that the American people buy into it and all the while, each one of you gnaw at each other’s throats, competing for your one and probably ONLY, 15 minutes of fame. It should be called your 15 minutes of shame because all of you have special needs!
I get it! I know President Trump has made mistakes. I do not agree with him on some things but it’s been the same thing with other past President’s. Nobody is perfect! However, to say that President Trump didn’t “SEEM” interested, is just PATHETIC!
I have not revealed my 1200 yet but I am on ssi so when will my be on the card
I thank the united states have to do what’s right for the people’s of United States while we are in this crisis.
Your fullnof bs. Only way to get things going is to do 2000 for 6 months to get cash flow going. Its all goes around n comes back.opening to fast is not right. Stay home figure out what to buy with money.
I’m on $783 ssi married with no children and the only income we have is my $783 ssi we still have not gotten the first stimulus check I am in need of the stimulus check after paying my bills there is no more money left
Dont sign another check . What was the people doing before. Go find a job you people and stop depending on free money and government funds. I am with him
So your saying, the hell with the law, go out and look for jobs that don’t exist. And if you’re lucky enough to find one take that chance of being another number on the deceased list. I’ve never got free money in my life, no welfare or anything. I’m a disabled veteran that worked part time jobs all the time, but since my jobs all shut down it’s a little difficult to survive on $1000 a month when your rent alone is $700 a month, then after half if my utilities, there goes the rest of my money. Hmm, what about food and bill collectors calling for their money. Many people need the extra money. Wake up!!!
Well Tina, I am LEGALLY not allowed to work at my profession that I have been working at for 31 years. I have a career that I was told I cannot practice by my governor who is a dictator. (BTW, hes the same guy who ordered recovering Covid patients to be housed in nursing homes with, wait for it, senior citizens.) SOOOO, I don’t have to “find a job”, I already have one, but I have to be allowed to do it. Until that happens, give me the free money. I’ve been paying taxes for 30+ years. I earned it.
Watch your comment. I am on disability and can not work. I think you need to apologize.
I used my SSDI check for paper towels, toilet paper and other things. I live in a apartment building with a lot of them 65 and over
Just trying to help them out.
I do believe by opening up the virus will spread but your damed if do and your damd if you don’t. Do you take the chance of getting this or go to work so your family has health insurance and food on the table plus electric, water and car insurance. My thinking if you get this and pass away where would your family be then. I am in my 60’s so it’s a concern for my age.
That’s true I think it’s too soon…but if they start opening businesses and no second stimulus it wont matter if people dont have money to spend at those businesses…right?
Iam on disability social security and I am married.no children claimed .should my wife get acheck frm irs ?we dont file incometax.should she get one frm the stimulus,?
As long as you are a citizens, you both have valid social security numbers and you dont make over a certain amount which if you are on social security disability you more then likley are in the range you both should be getting one
Haven’t received my check either. I am receiving a direct deposit of ssdi
Very true. I will not be going out for awhile yet.
I like on social security. I worked since I was 16 years old and worked until age 60 years old due to an injury at work and my doctor would not allow me to return to work. So I have never received Medicaid food stamps or free lunches for my kids when I could have. But I am an independent woman and really could use another stimulus check. I’m not lazy by no means. Can’t help it that I can’t return to work. Have been sick for 3 years now.
How was you all Bill’s being paid. You all were living off your income before,so now all of a sudden bills piling up . I don’t blame him. DON’T SIGN IT . YOU ALL SIT BACK WAITING ON FREE MONEY . THEN WHEN HE SIGN ,YOU WANT MORE,AGAIN .HE DID A FAVOUR. SATISFY. YOU ALL GET WELFARE, SOCIAL SECURITY ,SSI,DISABILITY ETC . BILLS WERE BEING PAID . SO WHY CRY NOW. I WORK AND PAY MY BILLS .BECAUSE BILLS HAVE TO BE PAID . BUDGET AND PAY YOUR BILLS. YOU NEED TO SEND BACK THE DEAD PEOPLE CHECKS AND THE NONIMMIGRANT NEED TO SEND BACK TOO AND THE TAX ID PEOPLE TOO. HE DID A LOT . DONT BE GREEDY AND UNGRATEFUL.
People have been working then the virus showed up most things were shut down so most people have no place to work at so how can they get a job ? That is a silly statement telling people to get a job when there is no work.
How dumb are you people to sit there and tell people to go get a job and to have the audacity to even ask what they were doing before????? Before what?? Before the pandemic hit that shit 3/4 of the globe down and out millions of people OUT OF WORK. You sicafantic piece of crap!!!! Shut your damn mouth! Why dont you go suffer like the most of the rest of us and then open your mouth about that crap. The only people that talk this BS are the rich people that could actually help the situation but dont. Little contributions to neighbors, hospitals, etc. But nope you would rather sit here and be harsh and yet so passionate about this free money crap, I ask you one thing, since you obviously didnt need it, did you give it back?? You know, to help out the situation.
Yes bills are beginning to pile up. Take me for example, I used what little savings on for paper towels, cleaning supplies toilet paper and food so I am assuming this is what happened to other people savings and need my 1200.stimulus check to replenish the funds.
😩🙏🏾
So much trouble to get money to the American people while corps banks and hedge funds got a 10 trillion bailout at US taxpayer expense. The biggest heist in history
Our so-called government should be imprisoned for grand larceny.
It’s not just the Democrats it’s Republicans to.
We live on SSI have lived and worked since we were 14 and paid ss till we were 65 my husband have had 8 different Cancer’s but we always lived within our budget so if all you people that thinks everyone else owes you anything get off your ass and work instead of thinking everyone owes you anything.
I agree✔
The stimulus money is aimed at preventing the US from suffering a modern day depression which, Without a doubt, will be a HELLUVA lot worse than the Great Depression in the 1930s because we have all grown accustomed to having SO MUCH!! It really irks me to see news journalists interviewing “hungry people” who complain they can’t feed their children because they depended on the public school system to feed them and now the schools are closed BUT all the while they’re talking to the camera they’re holding on to their expensive iPhones with their eye catching fancily manicured nails and their heads weighted down with 300.00 hair extensions!!!! I wonder just how much of that 1200 they actually spent for groceries??!! I know a couple who took their money and bought used lawnmowers and equipment to start their own lawn service. They have three children and are both without jobs now but instead of whining about things they chose to DO SOMETHING about their situation and not wait for unemployment money which they still haven’t received any of! They printed out a few fliers and went to neighborhoods where they felt they could pick up a few customers… placed fliers in mailboxes and within a few days started receiving phone calls. They’re feeding their kids and paying their bills with the money they earn mowing and manicuring lawns and they DON’T waste one penny manicuring their nails! So those of you who really want to work could most likely figure out a way to earn money and stop expecting a second handout!
Out of 33 comments I agree all and respect except 4 of them that are so quick to judge and want people to just get up and go to work how did you manage to pay your bills before this epidemic, how they new people utilize stimulus checks to do lawn good way to get income, etc…. I get that but it doesnt everyone out here dont want to do anything to help themselves or just taking advange of the system. The people that are struggling whether is on disability, losing job, chronic autoimmune illness at one point we had struggles in the past now on top of this epidemic of course is going to affect us in a negative way not positive I worked since I was 16 years old I had to stop working 20 years ago due to autoimmune disease not curable it gets worse as time passes I was a hard-working single mom working two jobs didn’t ask for no hand out no government benefits due to my illness I was not able to keep a job i tried so hard keep jobs but they would let me go. I try live keep with with in budget but when you take 24 pills a day of different medications a couple are not covered they get more expensive every year when you have hospital bills that do not all get paid and you have to get into payment plans so that you can try to keep your credit positive i can go on and on but DR finally told me enough i cannot continue to work bcuz if i do my kids are not going to have a mom to care for them. But I some of you would say who cares which i also understand but please stop because everybody has legitimate Reasons I’m pretty sure and for the ones that are BS they shouldnt get these stimulus checks! so hoping 2nd stimulus check get approve asap. Which by the way I have not received my first one as of yet. And last but not least I’m not hating I’m happy for the 4 comments that feels since it’s not affecting them in any way they’re okay God bless you and your family and I hope you never go through anything that may hit you or family hard to the point needing some type of help in order to survive.
Alma, I am sorry to hear that you are not able to work secondary to an illness and I empathize with your situation. Certainly you do understand that my point was to emphasize the fact that SOME people COULD manage their finances better by making SURE they meet their obligations to their children by using WHATEVER money they get whether they work or depend on the system. Instead of having the best smartphone… instead of going to the salon biweekly to get mani-pedis and anything other than a needed haircut… instead of buying things NOT vital to survival and therefore taking the very food from the children they SHOULD put first and foremost, PRIORITIZE and pay for what they NEED and bank any money leftover to be used during hard times! And right now is about as hard as times will ever get!! I worked from the time I was thirteen until I retired 5 years ago at age 62. I put myself thru college and became a RN when my children were small. I worked very long and exhausting shifts and when I First became a nurse it was before nurses were paid as professionals and made little more than minimum wage. As the pay scale rose higher and higher and I COULD afford to actually SPEND more money I chose to invest in retirement funds and stocks. My husband of 48 years is a retired barber And a veteran and a financial advisor so I was fortunate to have someone to direct me with investing. We received the stimulus monies since our social security/VA benefits are nowhere near the maximum allowed. We plan to have needed repairs done to our home and the rest will go into College funds for our two young grandsons. We both came up poor but that made us more determined to do well. Education is the key to having a better life. Encourage your children to push forward and get the education they deserve Someday maybe they will be able to make your life easier. I am a Freethinker. I believe we make our lives what they are.
I dont go to a hair salon get my hir done or my nails done I don’t have that kind of money i get $783 every month on ssi i pay my electric bill, water bill and my $165 lot rent I own my mobile home thinks to my husband’s friend who sold it to us he let us give him $100 every month until we payed it off we have owned it a few years now but after paying electric bill water bill and the lot rent we don’t have much money this month on the first like always we pay are bills first before anything the electric company asked us if we wanted to pay for both we told that women who works at the electric company no just this month she still charged us for two months this month and next month’s bill I’m just saying how are we going to pay are water bill all we have left is $60 something dollars left the water bill is $91 something dollars because we had to pay all most $200 dollars last month on the electric bill we only could pay half of the water bill last month that’s way it is $91 something dollars this month I do think everyone the workers and people on ssi the one’s who are having trouble because this cronavirus thing we all need this stimulus check we need to stop fighting against one another and stand up
We Did Not Ask For This Dangerous Chinese Virus!!! Some People Died Because Of This Deadly Virus!! Not America’s Fault!!!!!
We Have The Right To Get A 2nd , 3rd Stimulus Checks Until We Here That No One Else Dies From This Virus & 100% Clear To Open Our Economy. WE ARE SUFFERING BECAUSE OF THIS CORONAVIRUS!!!! Why Do I Feel An Aftermath is coming????🌍
I agree totally. I live with my son who does hardwood flooring I didn’t qualify for stimulus check as I am a dependant his company will not reopen he is a hard working guy now without a job trying to get ui which I think is futile my SS sure doesnt go far not our fault this all happened so bills aren’t going to get paid
A lot is going to depend on consumers behave in the marketplace. The whole purpose of any stimulus is to help prop up consumerism protecting businesses from faltering. There are lots of creative solutions that the government can put under examination such as in exchange for continued stimulus to offset it by temporarily suspending unemployment and social security. The bottom line is it must be distributed equitably across the board. I believe these markets that are opening back up are doing so irresponsibly and we will definitely see new surges of deaths. The only way the government is going to achieve cooperation for staying at home is to offer solutions that allow them to continue without making them test groups to see how things go.
I get a SSI and it is hard on me and I still did not get a stimulus check and is I am going to get it..Walter Nickson
Those that have dont care about the have nots. Dems and Repubs alike.
Wow after reading all these comments. I agree with some and disagree with others. What a mess we are in at no fault of our own. I also have worked since I was 15 now going on 54. Fortunately I am still working and very blessed to be. I have also been helping family & friends financially who are furloughed and wanting to go back to work. No unemployment yet here in FL. So now my bills are behind because Im helping others. We are opening alot of places tommorow my opinion too soon. I am not asking for handouts. Where is this wonderful unemployment for my adult daughter and my 2 grandkids. She filed March 20th and has received $0
Me/and/my/huisebind/git/SSI/cous/bad/hath//I/was/brine/whith/my//dictbilly/brine/whith/I/doctor/told/my/mom/atfar/I/was/brine//all/this/,/is/Chin/foth/not/hours/this/is//this/is/hell/we/still/have it/got/hours
I am eligible for a stimulus check and still haven’t received mine. I AM a hairdresser and applied for unemployment benefits but I haven’t received that also. My bills are piling up like rent, car insurance and registration. By the time I get my first one, I’ll be so far behind. They say that you can’t be evicted but I’m still gonna have to pay or be homeless. The people who got theirs are using it to eat. We need one more check. Everyone in favor please write in. Thank you and God bless you all.
Lets be serious IF YOU DID NOT KNOW, PEOPLE ARE STILL GETTING SICK. Going out is dangerous! Guaranteed a round two with EVEN MORE PEOPLE INFECTED. Yes the economy is not doing so great but at this rate if we rush ahead of judgement and sacrifice safety for a check we are going to repeat the Great Depression times three on top of many more lives lost.
I know exactly what you are talking about. I am sixty nine and have never understood why!! I believe we should help our neighbors but not people that would take our money and then stab us in the back . Surely not billions or even millions of dollars. Sorry for being so long winded. God bless you.
This is a unique situation that calls for unusual measures for Americans to get by. Until a vaccine is available, it’s going to be tenuous and mitigation strategies will only stretch so far to return to normalcy. Logically, 1 or 2 more monthly stimulus distributions are required. We already have people visiting State Capitols “Locked and Loaded”. It will get worse, and as his voter base becomes disgruntled, the President can kiss this election goodbye.
I agree and I really appreciate your post and you explain each and every point very well. Thank for sharing us.