Fourth Stimulus Check Update: Due to concerns about fraud and misappropriation of funds, more payments are unlikely.
While some may still be holding out hope that another stimulus check will be forthcoming amid the pinch of inflation that has many Americans concerned about how they will be able to afford necessities, they may need to officially give up hope, as a startling new statistic has emerged in regards to previous stimulus checks that could make the government hesitant to issue more, no matter how badly the average American believes it is needed.
While some may still be holding out hope that another stimulus check will be forthcoming amid the pinch of inflation that has many Americans concerned about how they will
An investigation conducted by the Ohio Attorney general’s Center for the Future of Forensic Science found that the release of federal stimulus payments was associated with an increase in opioid-related overdoses, with the number of people dying from opioid overdoses in Ohio reaching its highest level in a decade.
Approximately 100,000 connected deaths happened between April 2020 and April 2021, according to WJW, a FOX affiliate station. This is a 28 percent increase over the 78,085 deaths that occurred during the months of April 2019 and April 2020.
In a statement, Ohio Attorney General Dave Yost stated that “the link between pandemic relief money and opioid overdose deaths is now obvious.” “The intention was to assist Americans in navigating this dangerous pandemic, but it ended up fueling a tidal wave of overdoses,” says the author.
There has previously been concern about the potential negative consequences of stimulus checks, with experts warning in December that soaring inflation could also be linked to the checks, with Riley Adams, a licensed CPA and financial analyst for Google, stating that the checks are a direct cause of the inflation spike.
According to him, “injecting additional federal stimulus into the economy may fuel the fires of inflation even more.” Consumption may increase as a result of individuals having more disposable income, which could worsen a supply chain that is already stretched.
In addition, there have been widespread concerns about check fraud, ranging from bogus promises circulating on the internet that checks are on their way to those attempting to find ways to acquire stimulus money from others to actual check fraud.
Recent weeks have seen poorly dubbed videos of President Joe Biden spreading on Facebook, purporting to show him giving a speech and signing order, and stating things like “Some people will start seeing those direct deposits in their bank accounts this weekend.” In the coming weeks, payments to qualified Americans will continue.
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Politfact.com declared the video to be false due to an obviously faked voiceover by someone other than the president, as well as the fact that the words he was supposedly saying in the featured conference on the video did not match up with the words he was supposedly saying in the featured conference on the video.
