In recent days, a video has circulated on social media, eliciting excitement and hope among millions. The video shows a voice impersonating President Joe Biden fraudulently claiming approval of a $6,400 economic stimulus payment. However, academics and government officials have certified that the material presented in this movie is completely bogus.
The video, which has been widely circulated on social media platforms such as Facebook, touts a program that reportedly allows Americans to register for a prepaid “spending card” loaded with $6,400. While the concept is appealing, the US Department of the Treasury has flatly denied the existence of any such program.
The $6,400 stimulus check: fact or fiction?
The video uses a voice that sounds like President Joe Biden to support its allegation. Viewers are encouraged to sign up for the program to get the cheque. However, Jenna Valle-Riestra, spokesperson for the Department of the Treasury, has said unequivocally that this information is untrue.
Valle-Riestra emphasised that any economic relief scheme of this size would require previous congressional approval. Furthermore, she indicated that no new stimulus measures are presently being considered.
A look back at actual stimulus checks
To date, the federal government has granted three rounds of stimulus payments, all of which were approved during critical periods of the Covid-19 outbreak to provide financial assistance. Here’s a brief summary of those payments:
- First check: Authorized under President Donald Trump’s administration, this payment amounted to $1,200 per adult, with an additional $500 for each dependent.
- Second check: Also approved during Trump’s presidency, this payment provided $600 per individual.
- Third check: Under President Joe Biden’s administration, eligible recipients received $1,400 per adult, along with the same amount for each dependent.
All of these payments were made as part of congressional activities that were thoroughly documented by the federal government.
Why do these rumors arise?
Scammers use social media to propagate bogus information and target potential victims, such as the promise for a $6,400 stimulus check. Such schemes are frequently more widespread during times of economic uncertainty or significant financial activity, such as the holiday season, when people are especially vigilant for potential financial assistance.
Experts warn against falling for solicitations requesting personal or banking information. Official government platforms never use social media to handle economic programs or necessitate registrations on questionable websites.
How to protect yourself from online scams
To avoid falling victim to scams like these, consider the following suggestions:
- Verify information through official sources: Before acting on or sharing news about financial assistance, check government websites like the Department of the Treasury or IRS for accurate information.
- Be wary of requests for personal information: No legitimate government program will ask for sensitive details, such as bank account numbers, through social media or unverified channels.
- Report suspicious content: If you come across posts that seem fraudulent, report them to prevent others from being deceived.
No new stimulus checks have been approved
Authorities have confirmed that President Joe Biden and his administration have not approved any new economic stimulus checks, contrary to online rumours and conjecture. While rising inflation has prompted requests for relief measures, there are no signs of concerted efforts to implement a similar scheme at this time.
The reported $6,400 stimulus cheque highlights the proliferation of misinformation on social media, leading to misunderstanding among the population. To stay informed, turn to reliable sources and remember that government programs are always communicated through official channels. Don’t let scams catch you off guard; the best defence is to stay aware and careful.
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