Personal Finance

Will you get $5000 DOGE Dividend? Why Payments Might Be Less Than Expected

Elon Musk's DOGE is implementing $5,000 stimulus checks as part of its ambitious $2 trillion budget reduction plan.

$5000 DOGE: The idea of $5000 stimulus checks from the DOGE sounds exciting, especially during tough economic times. DOGE, led by Elon Musk, is working to reduce government spending. As part of this effort, the agency has cut jobs and federal funds. The goal is to save $2 trillion, and if this target is met, 20% of the savings could go to American citizens as stimulus checks. Another 20% would be used to pay off debt.

So far, DOGE has saved over $100 billion, which is a big achievement. But it’s still far from the $2 trillion target needed to issue the $5000 payments.

$2000 Social Security in March: Social Security to Send Up to $2,000 to Eligible Individuals on March 19

$5000 DOGE: Will You Get It?

Not necessarily. James Fishback, CEO of Azoria, the investment firm behind the proposal, explained that the $5000 figure is not set in stone. The amount of the checks will depend on how much money the government actually saves.

Fishback told Newsweek, “This plan is not predestined to the $5000 figure. If the savings are higher or lower, the check will reflect accordingly. So if the savings are only $1 trillion, which I consider extremely low, the check goes from $5,000 to $2,500. If the savings is only $500 billion, then the check is only $1,250.”

In other words, the amount of the stimulus checks will vary based on the savings achieved. If the savings fall short of the $2 trillion target, the checks will be smaller.

Social Security Credits for SSDI in 2025: Everything You Need to Know

While the idea of $5,000 checks is appealing, it’s important to remember that this plan depends on DOGE reaching its $2 trillion savings goal. Right now, the agency is still a long way from that target. Even if the savings goal is met, the checks might not be $5000. The final amount will depend on how much money is saved.

Eduvast Desk

Recent Posts

$400 Stimulus: Americans to Receive Checks Without Any Paperwork

Millions of Americans will soon receive a $400 stimulus check automatically. No application or paperwork…

18 hours ago

Who is Zohran Mamdani? The Democratic Socialist Running for NYC Mayor

Zohran Mamdani, a 33-year-old democratic socialist, is running for New York City mayor with plans…

18 hours ago

$1,702 Stimulus Payment Date Confirmed: When Will You Get Your Deposit?

Alaska residents waiting for their $1,702 stimulus payment won’t have to wait long. The next…

2 days ago

Claiming Social Security: Should You Start at 62, 67, or 70?

Choosing when to start Social Security at 62, 67, or 70 can change how much…

2 days ago

High-Yield Savings Accounts in 2025: Still a Good Idea in 2025? Experts Explain

High-yield savings accounts are still giving better interest than regular ones in 2025. Experts say…

3 days ago

When is it The Right Time to File for Bankruptcy? Here’s How Much Debt is Too Much

If your debt is more than half of your yearly income and keeps growing, it…

3 days ago