Stimulus check update: Direct payment worth $250 scheduled to be sent Saturday
The payment will be worth $250, and it will go to 200 out of the 400 recipients of the Newark Movement for Economic Equity program. Half of the recipients receive smaller payments twice a month, and the other half of recipients receive larger payments once every six months, the Newark mayor's press secretary told the Washington Examiner.
"Formal results will be released by our research partner, the Center for Guaranteed Income Research at the University of Pennsylvania, in 2024. Participants complete detailed surveys twice a year that assess their physical health, mental health, financial security, housing stability, and more." The statement from Callaghan indicated that 41% of residents in the program spend the money they receive at retail stores to buy clothing, food, and necessities, while 26% spend their funds at grocery stores. Additionally, 10% spend their funds on housing and utilities, and 9% spend their money on transportation and car expenses.
People who receive the smaller payments twice a month are scheduled to receive their payments on the 1st and 15th of a month. People who receive their payments twice a year, on the other hand, receive their payments in May and October.This program started in October 2021 and is set to conclude in October. All recipients of this program were randomly selected.
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