Social Security $1400 fourth stimulus Check update I have all the details and what you need to know right here in the topic, Alright, as requested by so many of you down in the comments section, this is an update on $1,400 Ford stimulus check. We’re going to be talking about where we currently stand, what is going on, and are we actually going to be getting a check. So let’s get into it and discuss all the details, as there’s a lot going on right now and things are changing very rapidly. So let’s jump right into it, however, really quickly.
As I am your one and only daily advocate and I’m very much dedicated to you and this community to continue doing all the research. Breaking it all down into these short topics. which I deliver a couple of times throughout the day. So you can stay updated with what is actually going on right now. Especially with all these new announcements out of the President. The Administration Lawmakers Congress And anything that Congress is currently working on right now. Including all these new bills Packages Proposals Amendments Reform to these very important programs. As well as anything in regards to money Benefits Raises to benefits Checks Stimulus Or anything else Right now there’s a lot going on, things are changing rapidly and we are getting new important announcements literally every single day.
All right, thanks again. Let’s jump into it and discuss the details on what’s currently going on and what do we need to watch for here over the coming days, weeks and months as things continue to progress and of course, as things continue to change so incredibly fast. All right, so before we get into that again, I want to make this very clear. So we’re all on the same page from the very start As of right now A fourth stimulus check, whether it’s in the amount of $1,400, $2,000, $1,000, or any other amount as of right now, has not been approved. Okay? I want to make sure that we all are aware of that. And then we’re all on the same page on the very start of this topic so that we don’t get into this and so that anybody has the misunderstanding.
So again, I want to make it very clear, a fourth signal check has not been approved as of right now. So with that being said, let’s talk about some of the different factors that we need to watch going forward because there are some interesting things that are happening right now. In fact, there’s a lot of different aspects that are unfolding right before our eyes. And again, any of this could potentially lead to stimulus checks. Now, again, I’m saying that but at the end of the day, I want to make sure that nobody’s feeling like they’re misled or that somebody is being led on.
That’s not what I’m saying. I’m just simply saying there’s a lot of different factors right now that are unfolding right in front of us that could potentially lead to more stimulus checks. That is the fact of the matter. All right? So number one, we need to continue watching how does this recession continue to progress.
Now remember what, a month ago, a month and a half, two months ago, something like this, we got that information out on the latest GDP report out of the second quarter of 2022 and it is confirming that, yes, the United States is officially in a technical recession. Well, as I’ve talked about many times before in previous topics, we do know this much. Every recession that we’ve gone into in the last 21 years have all produced stimulus checks. 20 01 20 08 20 20 all three of those have produced stimulus checks. Well, we’re currently in a recession right now.
So the big question is going to be does this recession continue to deepen and get even deeper and darker or does it happen to just pop right out in the next quarter here and are we off to the races once again? That is something we will need to continue watching very, very closely as well. Next, we’ll need to continue watching inflation, right? Inflation continues to be very strong right now, even though the Federal Reserve has been out raising interest rates, trying to bring down this inflation. Have they been doing a good job?
Well, I’ll leave that up to you to decide. I’m not going to throw my opinions in here. But again, the Federal Reserve is trying to bring down the inflation and we’ll see if they can actually make any headway on this thing. But again, we’ll have to watch inflation very closely because the inflation may bring down this economy even more than it already has. And again, it takes a very long time because this whole situation that we’re currently dealing with right now is a big correlated machine, right?
If any piece of that machine breaks, if the gears strip out somewhere, if a belt breaks or anything like this, you can basically look at the economy and all this stuff going on right now. If one piece of this machine breaks down, it’s going to take down the whole system, right? So that’s kind of one thing that we’re looking at right now. And inflation could be the catalyst that does it. It could be the little spoke that breaks or whatever it happens to be, right?
So again, we got to watch all this stuff very closely. Next, we’ll need to continue watching what the Federal Reserve does with their interest rate policies going forward. Do they continue to raise interest rates aggressively going forward or are they going to tame off a little bit and start maybe pausing and or even reversing and cutting rates yet again? So again, that’s another thing about to watch very, very closely going forward. Next, we will need to continue watching as we approach the fiscal year.
The end of the fiscal year, which happens to be the end of September. September 30 is the end of the fiscal year. Well, that’s also something we need to watch very closely because Democrats right now can still use reconciliation. Between now and the end of the fiscal year, they can use reconciliation. In other words, it is the method in which they can pass legislation through Congress with just a simple majority vote in the Senate.
Rather than getting the 60 votes that are typically required for most people legislation, they can just get 50 votes plus the tie-breaking vote from the Vice President and they can get that done. So this is something which by the way, this is the bill that they passed last year in early 2021 that contained the $1400 stimulus checks, the American rescue plan. That was a reconciliation bill. So it was $1.9 trillion. Remember, that is something that they did through reconciliation.
So yes, they absolutely 100% can do more bills with reconciliation between now and the end of the year. So something else you have to watch very closely going forward because they have this opportunity, right? However, as soon as the fiscal year turns over, they’re going to lose that opportunity. Okay? So that’s why you got to watch that one very closely as well.
Next, we’ll need to continue watching what’s going on with the economy going forward. And again, I’m not just talking like inflation and the interest rates from the Federal Reserve and all of these things going on as well. We’ll need to continue watching things very important like the jobs reports, the non farm payroll number that I typically bring to you every month, sorry, the first Friday of the month is when this report is actually released. I typically bring that information to you. We’ll need to continue watching throughout the course of the month as well.
Every Thursday morning is the initial jobless claims numbers as well. We’ll need to continue watching that is because that’s going to give us a better glimpse into what’s going on with the job market and are people losing jobs, are jobs being created? What’s going on with the unemployment rate? Where are things actually going? Another key factor that we’ll need to continue watching because we’ve already seen many different corporations out there, large businesses, all kinds of different things that have already been laying off hundreds or even thousands of people.
Well, if that continues, the unemployment rate will be going up. So if that’s the case, that’s just means more people that will be unemployed. Remember, one of the key factors that Congress uses to determine if the economy needs more stimulus and or needs more money to be injected is the unemployment rate. So that is a very key factor that we’ve to watch going forward. And according to what we’re seeing right now and according to what some analysts and experts have been saying, it’s only a matter of time until the unemployment rate continues to tick up.
And they’re actually anticipating in the low 4% range here, probably before too long, in early next year, is where we are going to see unemployment rate in the low 4% range. And again, that’s not necessarily a good thing, right? That takes a lot of people to be laid off and losing their jobs to bring the inflation rate or sorry, the unemployment rate up to that amount. Right. So as you can clearly see here, I can sit here and continue going on and on about all these different things that we need to continue watching next.
We also need to watch as well what’s going on with the markets. I know that a lot of you don’t watch the markets very closely, but we do need to watch what’s going on with the stock market, the real estate market and all of these other markets out there right now. Because again, just like the economy, any one little thing that breaks down and takes down the full machine, it’s going to take down the whole system, right? So again, if the market rolls over, the stock market, the real estate market, all of this stuff, if it kind of rolls over, it’s not going to be a good situation for the economy as a whole. And again, by the way, as the markets continue to roll over if the stock market goes down substantially if the real estate market goes down substantially, it actually brings in a lot of extra kind of negativity when it comes to consumer confidence.
If consumers are not confident, they’re not going to go out and spend money. Right. If somebody looks at their retirement account and it’s losing 20% 30% 40% Something like this. A lot of money Do you think that person is going to go out and spend a bunch of money or are they going to say. No. It’s maybe time to conserve a little bit because I don’t know the future of my retirement or my accounts or anything like this going forward.
My investments. Right? Well, that’s going to be very important as well to watch because when people feel less confident because of their investments losing value, they’re not going to spend as much. Therefore less people spending money means the economy is not going to do very well either. Kind of see how this stuff is correlated.
Yeah, very important stuff. Anyway, let’s leave it there for now. Again, I could continue on for hours, probably talking about all these different things that we need to continue watching, but this is where we currently stand. A lot of different things that we need to keep our eyes on going forward because all of this is going to play into whether they come forward and decide, okay, it’s time to pass more stimulus, or maybe they come forward and pass some kind of highly focused check for maybe the fixed income beneficiaries. There’s a variety of avenues that they could take right now to do all of this.