Some governments are providing assistance with one-time Inflation Relief Checks to reduce the impact of increasing costs as high inflation places an additional financial load on Americans.
Republican and Democratic governors are attempting to spend budget surpluses largely derived from COVID-19 relief funds, and at least 20 states are providing one-time rebates or enlarged tax credits to assist residents in coping with inflation.
Most states have already sent the payments, while some plans to send them at the next year’s beginning. For the first time in a generation, customers are currently dealing with price shock when the checks arrive. Despite indicators that inflation is slowing down—price growth in October was 7.7% annually and 0.4% from the previous month, it is still closest to the highest level in 40 years.
Here’s a deeper look at the states that are issuing inflation relief checks:
- New Jersey
- New Mexico
- New York
- Rhode Island
- South Carolina