In the United States, the subsidy is expected to continue into 2023. Some states will continue to give out stimulus checks next year, despite the fact that 2022 is ending.
The Bureau of Labor Statistics (BLS) reported that inflation was 7.7% in October. The figure is lower than those registered in previous months, but analysts warn that prices will remain high.
Americans will have to wait several months for rates to come down, though goods and services won’t be cheaper until 2023. Financial support from the federal government is coming to an end, although territories will continue to contribute their residents for the coming year.
States will implement different variants
California Governor Gavin Newsom approved a payment of $1,050.00 USD to the selected families. The money started coming in mid-October, continued in November and will continue through December and January 2023.
The North American Financial Board announced that 5% of checks would not be ready before January 15 of the following year. The lowest dollar amount will be set at $350.00 USD and can be withdrawn using magnetic cards or bank accounts.
Single Colorado taxpayers who have filed their 2021 taxes can wait until January 31, 2023 to collect $750.00 USD. Married couples who file their taxes jointly will receive $1500.00 USD over the same period.
Idaho plans to match its contribution in March of next year with a refund of 10% of the tax owed. This is an amount that is equivalent to $300.00 USD for individuals and $600.00 USD for couples. Other regions that would serve their residents with monetary contributions would be New Jersey, Pennsylvania, and South Carolina.