Following the stimulus checks delivered by the United States Federal Government to support the economies of the poorest and most needy families during the pandemic, periodic aid has continued to be issued by the states of the Union.
While these are not strictly traditional stimulus checks, recipients still refer to them that way. And most importantly, they are essential aid for millions of Americans and residents in the country.
Such is the case of an upcoming stimulus check that aims to help the lowest-income residents with financial assistance of $500 dollars per month for 12 months.
If the amount is $500 per month for 12 months, the total amount would be $6,000. But who will benefit from this $6,000 stimulus check?
In Chicago, it has been estimated that 17% of the population lives in poverty and the stimulus check is an important support that seeks the economic recovery of the city and its inhabitants.
Starting in 2024, thousands of Illinois households will be able to benefit from this stimulus check of up to $6,000, which is part of an initiative officially called Guaranteed Basic Income (GBI). It is aimed especially at low-income families in this northern state.
As reported by the governing body in charge of issuing these financial aid payments, they will be monthly checks of $500 dollars for 12 months.
The money can be used to pay rent, buy food, medicine or other expenses for the beneficiary households. However, beneficiaries who qualify will have full authority to use their money without restrictions.
How can you apply for the stimulus check?
Those seeking to apply for this benefit must meet some essential requirements such as:
- be a resident of Chicago
- be at least 18 years of age
- Demonstrable income must be below the federal poverty level
As for the selection process, it is reported that it will be done randomly to ensure complete transparency. Thus, it is estimated that some 5,000 low-income families in the state could benefit, a figure similar to that of beneficiaries in 2022.
The majority of the hardest hit communities are African American and Latino. An estimated 17% of Chicago’s population is currently living in poverty. From 2017 to 2021, an estimated 44% of residents were unable to meet their basic needs amid the Covid-19 pandemic, job loss, and inflation.
And it is to be hoped that the payment of $500 dollars per month for a year, totaling $6000 dollars, will serve to reinforce the commitment to well-being for the residents, especially the most vulnerable. In addition to being a way of economic and social recovery for the city.
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