Yeah its insane to me. That last stimulus package quadrupled down on giving insane money to everyone with kids regardless of if they needed the money for any financial hardship or not. Everyone got $1400 each for the last stimulus, but people with kids got $1400 each and $1400 for each kid and the child tax credit got massively increased from whatever thousands per kid it was last year to I think $3500 per kid and was then retroactive for the previous tax year. So people who did their taxes earlier this year got their regular returns back, but because the child tax credit was made retroactive, those people are now going to get that credit back in monthly increment payments until December. My understanding is the extra thousands per kid would end up being for like 3 kids, roughly $6,000-$9,000 in payments broken up into I think 7 month payments so it'd be something like an extra $900-$1,300 a month extra stimulus for them for the rest of the year. Now one of my friends did his taxes after that stimulus went into effect and got the new child tax credit all up front, so instead of getting like a 3 thousand or so back because he has 3 kids and child tax credit and earned income credits give a crap load of money to people, he ended up getting over $11,000 back in taxes so he won't be getting any other payments.
All those payments should all get direct deposited into checking accounts tho, in terms of someone saying they're getting $3,000-$5,000 a month on their EBT/food stamps, that doesn't make sense to me since EBT/food stamps are state run programs and that amount per month doesn't line up with anything I've read about. Maybe they were getting their accounts confused. I will say tho, I think all the stimulus and child tax credits are insane and it honestly pissed me off when I found out about it. Everyone with kids are getting paid out their asses with money the majority of them never needed. Also unemployed people are still getting $300 extra a week in unemployment if their state hasn't opted out of that program too. Meanwhile all of us that have been working the entire pandemic get the bare minimum of stimulus money. I think its all bull shit and a giant waste of taxpayer money. If I was actually getting a fair share cut of that money I'd probably have a different outlook on it tho, lmao. I wouldn't say no to free money, but since I'm only getting a small piece of that massive money it really pisses me off.
Both of my brothers have kids and got a crap ton of money too. My younger brother has 3 kids, he got so much money back he paid off some debt and put a huge down payment on a new truck.