Wisconsin Recipients Will Be Issued A New Stimulus Check Update Of $500 Per Month For One Year

A total of 155 Madison, Wisconsin families receive these payments each month giving them the freedom to spend their money however they please.

Direct Payments ( Photo: Money )

The Wisconsin Income Protection Program made its final $500 payment to beneficiaries on Thursday

To qualify for direct payments in Madison, Wisconsin, income had to meet the state’s poverty line below 200%. Another must obtain the $500 direct payment was to have a kid under 18 years old living at home. Payments are made from Madison Forward Funds, and monthly payments are sent to recipients on the 1st of each month. “We know monthly cash assistance can help families eat healthier, buy school supplies or even find a better job,” said Madison Mayor Satya Rhodes-Conway. “Income assurance also improves the mental and physical health of recipients.”

Twelve states offer additional child tax credits for low-income families

Due to inflation, some states have rolled out their own CTC programs to help families or started offering direct payments to ease economic hardship. Inflation has increased in recent years. According to the US Bureau of Labor Statistics, inflation rose to 9.1% in June in the United States. This program is based on the belief that the poor are in the best position to make informed financial decisions that effectively meet the needs of their households. In addition to monthly cash payments through the program, you may also have the opportunity to receive rewards for participating in research surveys.

READ ALSO: Rule To Tackle Racial Bias: Vice President Kamala Harris Announces Effort To Address Biased Home Valuations