Millions of Americans are eagerly waiting for the new $500 state stimulus checks set to start in July 2024. These payments are meant to help those who are struggling financially due to the rising cost of living. This article provides the latest updates on these stimulus checks, including eligibility and the 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 aimed at helping low-income individuals manage the financial burden 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 were not enough for many to regain financial stability. Recognizing this, local and state governments have now stepped in with long-term support options.
State Programs
A guaranteed basic income (GBI) or stimulus payment is becoming a popular strategy to fight poverty in the U.S. Since 2019, over 50 cities have tested GBI programs, providing low-income participants with monthly payments between $100 and $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 be eligible for the new $500 monthly stimulus checks, depending on their state and chosen program. These payments are designed to support low-income households dealing with increased living expenses.
It’s important to note that several states and cities have implemented guaranteed basic income programs to provide ongoing financial assistance. While exact payment dates haven’t been announced, recipients will soon start 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 have the chance to apply and submit the required documents.
Each state has its own rules, eligibility criteria, and payment rates. It’s best to visit government websites or seek help from non-profits that focus on economic justice for accurate information about your state’s payments.
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 starting in July 2024?
Eligibility varies by state and program. Generally, low-income individuals who meet specific state criteria can qualify.
How do I apply for the new stimulus payments?
If you previously qualified for stimulus checks, you will automatically receive the new payments. Otherwise, you need to apply according to your state’s guidelines.
Which states are offering these $500 monthly payments?
States like California, Michigan, New Mexico, New York, and Washington have programs offering these payments. Check your state’s specific program details.
When will the first payments be made?
Payments are set to start in July 2024. Exact dates will depend on your state’s program schedule.
What if I missed out on previous stimulus checks?
You may still have the opportunity to apply and qualify for the new payments. Check with local government or non-profit organizations for assistance.