State and local governments are providing long-term stimulus payments to low-income families in July, addressing medical costs and inflation through budget surpluses, tax revenue, and other sources.
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500 State Stimulus Payment: In July, many Americans will be eligible for new stimulus money, with $500 monthly payments available based on state-specific criteria.
After COVID-19, many low-income families faced higher inflation and limited healthcare access, leading to an economic crisis. The federal government’s Economic Impact Payments (EIPs) aimed to help, but many felt it wasn’t enough. Now, state and local governments are providing longer-term aid instead of one-time payments.
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These ongoing stimulus payments help low-income families manage medical costs and inflation. Budget surpluses, tax revenue, and other sources all help to pay for them.
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