Tag: guaranteed income

Pensions – Articles – Guaranteed lifetime income rates on the rise

18% income gap could deliver more than £500 a year extra for a 65-year-old with £50k pension. Latest analysis of market rates by Just Group reinforces importance of shopping around The income available to retirees buying Guaranteed Income for Life solutions is back on the rise but the gap between the best and worst rates has widened to its highest for more than four years, new figures from retirement specialist Just Group reveal. Switching from the least to the most competitive provider can deliver nearly 18% more income, highlighting the importance of shopping around. This is equivalent to […]

Banking on Moms

Banking on Moms

Alex Harper was working at a Planet Fitness in Winnipeg when she became pregnant with her first child in the fall of 2022. When a friend heard the news, she told Harper about the Manitoba Prenatal Benefit , a program that’s been in place in the Canadian province since 2001 to provide pregnant women earning less than $32,000. These moms-to-be receive a monthly stipend of $80 (Can$) to use however they see fit — no strings attached. All women need to do is complete a form with their healthcare provider’s confirmation of the pregnancy.

A check for $80 (about $60 […]

Escape the Work Woes: The Promise of Universal Basic Income

Escape the Work Woes: The Promise of Universal Basic Income

Analytics beincrypto.com 7 h Reading time: ~5 m In the relentless churn of the 21st-century work landscape, a beacon of hope emerges for many seeking a reprieve from the mounting pressures of job insecurity, economic uncertainty, and poverty. The concept? Universal Basic Income (UBI).

This is a 500-year-old idea gaining renewed attention due to the evolving job market. Especially now, with artificial intelligence and technological disruption, UBI proposes a fascinating solution. The goal is a government-provided set salary for every citizen, regardless of income or social status. A Glimpse into the Future

Two localities in the United Kingdom – […]

Greens’ income guarantee would help disabled, Māori in poverty, advocates say

Guaranteeing a minimum income to every Kiwi would help disabled people and Māori living in poverty, advocates say.

The Green Party revealed a new tax and welfare policy on Sunday which included an income guarantee, ensuring everyone would receive at least $385 per week, after tax.

CCS Disability Action chief executive Mel Smith said income levels have a significant impact on overall wellbeing and life outcomes."Disabled people and their families are significantly more likely to live in poverty, with lower income rates than non-disabled people,” she said READ MORE: * Cost of living blamed for 165% increase in foodbank demand […]

Escape the Work Woes: The Promise of Universal Basic Income

Escape the Work Woes: The Promise of Universal Basic Income

In the relentless churn of the 21st-century work landscape, a beacon of hope emerges for many seeking a reprieve from the mounting pressures of job insecurity, economic uncertainty, and poverty. The concept? Universal Basic Income (UBI).

This is a 500-year-old idea gaining renewed attention due to the evolving job market. Especially now, with artificial intelligence and technological disruption, UBI proposes a fascinating solution. The goal is a government-provided set salary for every citizen, regardless of income or social status. A Glimpse into the Future

Two localities in the United Kingdom – the central part of Jarrow and East Finchley […]

How many UBI trials do we need to prove giving away money works?

How many UBI trials do we need to prove giving away money works?

Turns out people love getting this stuff. For the next two years, 30 people in the United Kingdom will receive £1,600 ($1,984) a month from the think tank Autonomy to help researchers understand the effects of universal basic income (UBI) policies. Will the program teach us anything other UBI pilots haven’t?

The idea of UBI is to expand, regularize, and streamline social spending by giving every citizen cash payments, thus reducing inequality and increasing opportunity. It pulls together several threads: the realization among aid workers that giving cash to people in poor countries is a powerful tool for development ; […]

Greens’ ‘income guarantee’ policy aims to lock out poverty

Greens' 'income guarantee' policy aims to lock out poverty

Green Party co-leaders Marama Davidson and James Shaw. Photo / RNZ / Angus Dreaver The Green Party has announced an election policy for households to meet rising costs, with an "income Guarantee" that will ensure no one gets less than $385 a week in their pocket after tax – to be funded through higher taxes on top earners, trusts and businesses.

The party’s co-leader Marama Davidson said for couples, the income guarantee would be at least $770, while a single parent would always have an income of at least $735.

"This will give everyone peace of mind that they can always […]

Five proven benefits of Universal Basic Income

Five proven benefits of Universal Basic Income

As the debate rolls on about UBI, we look at the proven benefits of a welfare scheme that provides a level of economic security to everyone and how the evidence so far does not necessarily support critics’ concerns. Universal Basic Income (UBI) hit the headlines this week, after it was announced the policy will be trailed in England for the first time. 30 people in central Jarrow, north-east England and in East Finchley, north London will receive £1,600 a month for two years, with no conditions attached. The aim of the pilot programme is to gain a better understanding […]

From fast food to savings accounts, $50 weekly payments shift students’ thinking

From fast food to savings accounts, $50 weekly payments shift students’ thinking

Students at the Rooted School in Indianapolis show off the debit cards (with card numbers covered) that hold the $50 a week guaranteed income the school and researchers are giving them to teach financial literacy. Editor’s note: This story , created by Patrick O’Donnell, was produced by The 74 , a nonprofit news site covering K-12 education. Louisiana Inspired features solutions journalism stories that provide tangible evidence that positive change is happening in other places and in our own communities — solutions that can be adopted around the world.

The first few weeks Caleb Lee was given $50 as part […]

Ambitious Green Party Plan To Lift Incomes And End Poverty Welcomed By Unions

Press Release: New Zealand Council of Trade Unions

The Green Party’s bold income and tax policy unveiled today could have a significant impact on the wellbeing of millions of Kiwis, says the New Zealand Council of Trade Unions.

“Working families and students would receive the support they deserve, particularly during these challenging times, if this policy was implemented,” said NZCTU President Richard Wagstaff.“Unions have been saying for a long time the burden of tax falls unfairly and heavily on many working people because the wealthy are not paying their fair share. It’s one reason inequality persists in this […]