Written By: Anushka
$550 and $2400 stimulus checks to be issued in 2024 to help low-income Americans cope with rising living costs.
Over 65 million Americans to receive stimulus. Eligibility based on 2022 tax returns, income, and investment criteria.
$550 checks for 700,000 families; $2400 for Social Security recipients over 62. Payments start Feb 2024.
Checks aim to reduce financial strain from inflation, covering essentials like food, gas, and housing.
$550 checks require income below $59,187, investment under $10.3K, and residency. No application needed.
$2400 checks for those over 62, based on Social Security eligibility. Aimed at boosting financial security.
Payments expected to boost consumer spending and confidence, helping stabilize the economy.