Category: Basic Income

Seattle basic income pilot shows increased employment and larger paychecks

Seattle basic income pilot shows increased employment and larger paychecks

Riko Niyomwungere is a North Seattle College student who participated in a recent guaranteed basic income pilot.

April 16, 2024

Seattle basic income pilot shows increased employment and larger paychecks By Monica NickelsburgSee original post here. Riko Niyomwungere was working multiple jobs to pay for college when he was selected to receive $500 a month with almost no strings attached.The cash allowed him to stop working, start paying off credit card debt, and focus on pursuing his computer science degree at North Seattle College.His grades improved, and so did his outlook on life.Niyomwungere was one of about 100 […]

Interview with Joyce Palmer, Founder and President of JP Financial Group Discussing Guaranteed Income for Women In Retirement

Interview with Joyce Palmer, Founder and President of JP Financial Group Discussing Guaranteed Income for Women In Retirement

Joyce Palmer, the managing partner of JP Financial Group LLC, is a force to be reckoned with in the world of finance. With a dedicated focus on serving women, Joyce is committed to creating financial legacies and empowering women to take control of their financial futures. As a joint owner of JPFG Wealth Management LLC, she brings a wealth of knowledge and expertise to her clients. With over two decades of experience, Joyce understands the unique financial challenges and opportunities that women face. Her own life experiences have shaped her perspective, as she recognizes the impact of gender on […]

Does mark Zuckeberg support the introduction of a basic income for all?

Does mark Zuckeberg support the introduction of a basic income for all?

Mark Zuckerberg’s stance on basic income is not explicitly mentioned in the provided contexts. However, discussions on basic income have gained traction recently. Some argue for a universal basic income as an alternative to traditional welfare systems, emphasizing its potential to reduce poverty and enhance citizens’ freedom . On the other hand, concerns exist regarding the feasibility and impact of basic income, including its potential to alter incentive structures and its fiscal sustainability . While some advocate for basic income social experiments to assess its viability and consequences, others question the ethical implications and political motivations behind such initiatives […]

Shouldn’t Every American Enjoy the Luxury of a Roof?

Shouldn’t Every American Enjoy the Luxury of a Roof?

America, a new report details, is minting millionaires at a record pace. Some 37 percent of the world’s millionaires, analysts at the wealth advisory firm Henley & Partners calculate , now call the United States home.

And these analysts are talking real millionaires, not those Americans who rate as “millionaires” only because they’re living in homes that have wildly appreciated in value since their purchase decades ago. Those appreciations have left typical fifty-something American homeowners, the latest Federal Reserve stats show , with personal net worths a bit over $1 million.

The researchers from Henley and their partners at New World […]

Ask an Advisor: My Advisor Wants Me to Put 50% of My Money in Annuities. Is That Too Much?

Financial advisor and columnist Brandon Renfro My advisor is recommending putting over 50% of my portfolio in annuities. What say you?

– Georgia

As with most personal finance decisions, a lot hinges on the specific details of your situation. Fifty percent would likely be on the high side for most people, but that doesn’t mean it can’t be the right amount for you. Some may even want or need a larger portion of their portfolio in an annuity . A financial advisor can help you determine how much of your portfolio should be allocated to different investments, including […]

More than half of people tapping pensions cash them out in full, new FCA figures reveal

More than half of people tapping pensions cash them out in full, new FCA figures reveal

More over-55s are tapping their pensions and over half are cashing them out entirely, new official figures reveal.

Nearly 740,000 pension funds were accessed in the 2022-23 financial year, up around 5 per cent from the year before, as people struggled to pay household bills in a period of rising inflation.

Some 56 per cent of pots are being cashed in full – the majority of them worth £10,000 or less, according to new data from the Financial Conduct Authority.Meanwhile 36 per cent were invested in a drawdown plan and 8 per cent were used to buy an annuity in the […]

Paxton sues over guaranteed income for poor — but allows corporate giveaways | Editorial

Paxton sues over guaranteed income for poor — but allows corporate giveaways | Editorial

Harris County Attorney Christian Menefee answers a question from the press during a press conference responding to Texas Attorney General Ken Paxton’s lawsuit challenging the Uplift Harris program, the guaranteed income program, Wednesday, April 10, 2024 at Harris County Administration Building in Houston. Harris County officials called the lawsuit by Paxton a targeted act. Let’s play a game. It’s called, “Which taxpayer-funded giveaway is ‘unconstitutional? ’” with your host, Texas Attorney General Ken Paxton.

Behind Door One is Samsung, the South Korean Big Tech behemoth. The company wanted to add nine facilities to its 1,260-acre site in Taylor, qualifying it […]

Women’s retirement outlook improving but headwinds persist: GSAM

Women’s retirement outlook improving but headwinds persist: GSAM

Women remain at risk of having insufficient retirement income due to additional pressures that they often face compared to men.

A new report from Goldman Sachs Asset Management reveals that women could end up with 24% less in retirement savings than they need, based purely on the cumulative impact of income disparities.

These disparities include decades-long income differences, greater caregiver responsibilities, insufficiency of part-time work, longer life expectancies, and lower benefits from Social Security.Almost three in ten retired women in the survey reported having less than $50,000 in retirement savings, with only 44% reporting more than $200,000. By contrast, 24% of […]

SASSA Basic Income Grant Coming? Check Funding and Implementation Impact

SASSA Basic Income Grant Coming? Check Funding and Implementation Impact

South Africa is grappling with high levels of inequality, unemployment, and poverty amidst a sluggish economy. The ruling ANC faces criticism for the country’s severe poverty rates. However, the party asserts it has a plan to enhance the lives of poor South Africans.

The ANC emphasizes its commitment to tackling the high cost of living, particularly for marginalized groups like the working-class poor. It aims to alleviate the burden on these segments of society through its priorities.

Acknowledging the slow pace of transformation across various sectors of the economy, the ANC highlights the need for interventions to address the high cost […]

Glaze 2: new version of anti-AI scraping tool for artists launches, video defense planned

Credit: VentureBeat made with OpenAI DALL-E 3 Discover how companies are responsibly integrating AI in production. This invite-only event in SF will explore the intersection of technology and business. Find out how you can attend here .

Back in February 2023, a small team of researchers at the University of Chicago studying under computer science professor Ben Zhao released Glaze , a free software tool that uses machine learning to subtly alter the pixels of an artwork provided by a user, changing the way its style is perceived by any AI art generator models that scrape and train on […]