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December will see direct payments ranging from $1657 to $4194 deposited in bank accounts before the holidays. Millions of Americans must act to receive a $600 relief check, while thousands will get $500 monthly as part of a guaranteed income scheme. In early 2022, Americans in multiple states will receive up to $1050 in direct payments, and Social Security checks will increase by up to $144 in reflection of the new cost of living adjustment. This update from MoneyPro discusses the impact of recent legislation on stimulus payments and inflation.
