Millions of Americans are eagerly awaiting the new $500 state stimulus checks set to begin in July 2024.
These payments aim to help those struggling financially due to the rising cost of living.
This article covers the latest updates on these stimulus checks, including eligibility requirements and specific programs available in various states.
Monthly Payments
Starting in July 2024, many U.S. residents will be eligible for new stimulus checks if they meet their state’s criteria. These payments, which can be up to $500 per month,
are designed to assist low-income individuals in managing financial burdens caused by the COVID-19 pandemic, increased living costs, and limited access to healthcare.
Initially, the Federal Government provided Economic Impact payments to help citizens recover from the pandemic. However, these payments were not sufficient for many to regain financial stability. To address this, local and state governments are now offering long-term support options.
State Programs
A guaranteed basic income (GBI) or stimulus payment is becoming a popular strategy to combat poverty in the U.S. Since 2019, over 50 cities have tested GBI programs, providing low-income participants with monthly payments ranging from $100 to $1,000. Here’s a look at the current stimulus check programs by state:
California
- Long Beach Pledge Program: $500 each month for about 200 low-income households with children. Payments run from spring 2024 to spring 2025.
- Elevate MV Program: $500 monthly for approximately 166 low-income parents, from December 2022 until the end of 2024.
- Pathway to Income Equity Program: $500 monthly for around 305 low-income households, with payments from January 2023 until the next year.
Michigan
- Guaranteed Income to Grow Ann Arbor Program: $528 per month for about 100 low-income entrepreneurs, from January 2024 to December 2025.
- Rx Kids Program: $1,500 lump sum followed by $500 monthly payments for nearly 1,200 new and expectant mothers, from January 2024 until spring 2025.
New Mexico
- Learn, Earn, Achieve Program: $400 monthly for 98 new low-income parents enrolled in degree or certificate programs at Santa Fe Community College, from January 2024 through spring 2025.
New York
- The Bridge Project: Up to $1,000 monthly for 1,200 needy mothers, starting in June 2021 and continuing to support thousands of Americans.
Washington
- Growing Resilience in Tacoma Program: Up to $500 monthly for low-income families, continuing until June 2025.
Full News
As July 2024 approaches, many Americans will qualify for the new $500 monthly stimulus checks, depending on their state and chosen program. These payments are intended to support low-income households facing increased living expenses.
It’s essential to note that several states and cities have implemented guaranteed basic income programs to provide ongoing financial assistance. Although exact payment dates have not been announced, recipients will soon begin receiving their checks.
What We Know
If you qualified for previous stimulus checks, you will automatically receive the new payments without needing to reapply. Those who didn’t qualify before now have the chance to apply and submit the required documents.
Each state has its own rules, eligibility criteria, and payment rates. For accurate information about your state’s payments, visit government websites or seek help from non-profits focusing on economic justice.
As July 2024 nears, stay informed about these new financial relief programs. These stimulus checks are a crucial part of the effort to help people manage the rising cost of living and other financial challenges. Make sure to check your eligibility and be prepared to benefit from these programs.
Who is eligible for the $500 stimulus checks?
Eligibility varies by state, but generally, low-income residents who meet their state’s criteria can qualify. Check with local government websites for specific details.
When will the payments start?
The new $500 monthly payments are set to begin in July 2024. Exact dates may vary by state.
Do I need to apply for these stimulus checks?
If you received previous stimulus checks, you will automatically get the new payments. If you didn’t qualify before, you may need to apply and submit necessary documents.
How long will the stimulus payments last?
The duration of payments depends on the state program. Some may continue for a year or more.
Where can I find more information about my state’s program?
Visit your state or local government website, or contact non-profits that focus on economic justice for accurate information.
