The year 2024 is coming to a close and it is a festive time and also a time of spiralling expenses.
Therefore when there is a rumor of a $800 stimulus check which is on the way, people are going to notice it.
Social media is rife with rumours and stories that a stimulus check is in the offing to provide respite to low-income sections of society and seniors to deal with the spiralling cost of living.
Is the $800 Stimulus Check Rumor for December 2024 True?
The rumour may look like welcome news to many, especially those in need and who are feeling the heat of soaring inflation.
However, the dampener is that no credible organ of the government has confirmed this information especially the Internal Revenue Service (IRS) nor the Department of the Treasury—the two main government bodies responsible for stimulus payments
Also such breaking news would have been surely picked up by major news outlets like CNN and Fox News but no such outlet of repute has reported anything about the $800 stimulus check.
Hence these rumors lack credibility.
Social media helps to disseminate information at an incredible speed and this information could be credible and authentic as well as fictitious or speculative.
The spread of the $800 stimulus check could be another ruse by websites to publish sensational headlines to attract readers and increase views.
Such misleading information is often lapped up by readers in times of economic distress and uncertainty.
It is true that in the past the $800 stimulus check was issued for the low-income groups and seniors who are in a precarious financial situation.
However, there is no such information from the government that it is going to again give financial assistance as in the past.
Also, any such stimulus program has to be approved by Congress and supported by federal entities like the IRS or the Treasury Department.
It is a long process which takes time and hence there is no possibility that any stimulus is in the offing in the near future.
During the COVID-19 Pandemic, the US Government gave three instalments of stimulus relief to alleviate the suffering of Americans in those times of economic distress.
However, the payments created a feeling of expectation for similar assistance whenever the economy is in distress.
The living costs are indeed rising due to inflation but the government and its agencies have not given any suggestion that a $800 stimulus check is on the way.
Also Read: December 2024 Social Security Payments: Schedule, Eligibility, and COLA Adjustments Explained
