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Will Inflation Relief Checks From 20 States Boost The Crypto And Stock Markets?
A number of residents around the United States will be receiving varying levels of financial stimulus in 2022
We are living in a time when one can’t turn around without a mention of rampant inflation, a possible economic recession and the ongoing downward spiral of the markets. However, at least 20 states will be sending inflation relief checks to residents in the coming months. Will some of this money be rolled back into the crypto and stock markets, giving things a kick in the pants?
Yahoo! Finance’s Ben Werschkul reported that at least 20 states will be sending out inflation relief payments in different forms to millions of residents this year, and some doing so in the coming months. With the most current (June) inflation rate sitting at a bulging 9.1% for the past 12 months, people have definitely felt the pinch in various aspects of their lives — hence these upcoming stipends.
The states sending out payments to qualifying residents (Specific qualifications vary by state. Check your state guidelines to see if you are eligible.) include:
Alaska: Distributed portions of state energy revenue in a yet to be determined amount
