Tag: guaranteed income

Workers looking to retirement face a risky future ‘at best’ as today’s pensioners live far more comfortably than those still in work will in the future, think tank warns

Workers looking to retirement face a risky future 'at best' as today's pensioners live far more comfortably than those still in work will in the future, think tank warns

Nearly 90% of mid-tier private sector workers saving less than recommended

Those approaching retirement also more likely to have higher housing costs

Savers risk of running out of money too soon if they don’t manage their income | Updated: 19:33 EDT, 19 April 2023 Workers hoping for a comfortable retirement face a risky future ‘at best’, a think-tank has warned.Today’s pensioners live far more comfortably than those still in work will when they reach retirement age, according to the Institute for Fiscal Studies (IFS), who have sounded alarm bells over a looming pensions crisis.Nearly nine in […]

The Community Foundation Partners with Meyer Foundation in Support of Guaranteed Income Pilot in Prince George’s County

To pursue our vision for economic justice, the Greater Washington Community Foundation is putting powerful economic strategies to work in the parts of our community experiencing the deepest disparities in homeownership and income.

With over 100 pilots currently operating around the country, guaranteed income programs have proven to be one of the most promising approaches to lift people out of poverty and provide greater economic stability for families.

We are proud to be an early adopter and investor in our region’s guaranteed income movement, with investments in programs in Arlington County (Arlington’s Guarantee), Montgomery County (MoCo Boost), and DC/regional (Let’s Go […]

Mississippi Continuously Fails Black Women. Let’s Finally Change That

Mississippi Continuously Fails Black Women. Let’s Finally Change That

Mississippi cannot catch a break. From crumbling infrastructure that routinely leaves our capital city without access to safe water , to being the last state to adopt Medicaid for postpartum care despite having some of the country’s most restrictive abortion laws, to the raiding of welfare funds to line the pockets of the rich and famous, to climate change-fueled storms that killed dozens in March– to say it’s been a trying time would be the understatement of the century.

While these issues may seem disparate, one devastating consequence they all have in common is that they will take the heaviest […]

Pensions – Articles – Extra 16 percent for retirees hunting best annuity deals

Analysis shows scale of ‘loyalty penalty’ for those failing to shop around for best deals. Retirees failing to shop around for the most competitive guaranteed income solution would lose out on more than 16% of extra income over their lifetimes by choosing the worst instead of the best- paying annuity, analysis by retirement specialist Just Group reveals. A 65-year-old in good health using £50,000 of pension to purchase a standard Guaranteed Income for Life (GIfL) solution could generate £3,378 a year income from the best deal compared to £2,900 from the worst. The difference is £478 a year, […]

Guaranteed Income Program Los Angeles. The Los Angeles County Boa

Guaranteed Income Program Los Angeles. The Los Angeles County Board of Supervisors voted 4-1 to approve proposals for a pilot guaranteed income program, one of which calls for $1,000 per month to be paid to 1,000 residents for at least . . An experimental guaranteed income program in Los Angeles is offering $1,000 a month to more than 3,000 residents. The . The outpouring of interest demonstrates the need to directly support and invest in residents with meaningful programs that improve lives. Los Angeles County launched its $1,000 guaranteed basic income program, Thursday, with eligible residents able to apply […]

Should Only The Rich Be Allowed Purpose?

Should Only The Rich Be Allowed Purpose?

Rarely in the debate about Guaranteed or Universal Basic Income is the discussion of purpose mentioned. Which is odd considering that the idea of purpose, or being able to work towards one’s purpose, may create the greatest direct and indirect benefits of a Basic Income scheme.

"In a last violent protest against the hopelessness of imminent death… I heard a victorious yes in answer to my question of the existence of an ultimate purpose." Viktor Frankl in his book about his existence in a concentration camp – Man’s Search for Meaning – is quite clear that humans live for, and […]

New legislation seeks to ban government-backed guaranteed income programs in Wisconsin

New legislation seeks to ban government-backed guaranteed income programs in Wisconsin

(The Center Square) – Republican lawmakers at the Wisconsin Capitol want to stop local governments from paying people just because.

A plan at the Capitol, AB 146 , would ban local governments across Wisconsin from using public dollars to pay for a guaranteed income program.

The plan’s co-author, state Rep. Amy Binsfeld, R-Sheboygan, told an Assembly panel last week there’s no need for governments to be paying people not to work.“Currently in Wisconsin we are experiencing an extremely low unemployment, and a historically low labor-force participation rate,” Binsfield explained. “At the same time, employers around the state are begging for employees.”A […]

Kahama DC extends full support to Tembo Nickel refinery venture

Kahama DC extends full support to Tembo Nickel refinery venture

DC Mboni made the pledge over the weekend during the first engagement by Tembo Nickel Country Manager, Benedict Busunzu, and his team, who visited the DC office to brief her on the Kabanga Nickel Project progress and progress on plans to construct the refinery which will be located at the Barrick Buzwagi site following its closure.

“My office is open to full cooperation, together I believe we will reach great heights,” emphasized DC Mhita.

Tembo Nickel is a mine-to-metal operation producing high-purity battery grade nickel, copper, and cobalt refined metals in Tanzania. Kahama is strategically located and is easily accessible. There […]

Q&A: Jackson’s Springboard to Opportunities director on what the nonprofit learned from putting cash into low-income mothers’ hands

Q&A: Jackson’s Springboard to Opportunities director on what the nonprofit learned from putting cash into low-income mothers’ hands

Credit: Beth Morgan Sarah Stripp is the managing director of Jackson-based nonprofit Springboard to Opportunities, which supports low-income Mississippians. During the water crisis, when families couldn’t rely on clean water from their own pipes, Stripp’s organization was giving households $150 a month to buy bottled water. The group is best known for its guaranteed income program, Magnolia Mother’s Trust. Stripp sat down with reporter Sara DiNatale to talk about her work and what the group’s learned entering its fifth year of the income program.

The interview has been edited for clarity and length.

Sara DiNatale: Well, first off, if you […]

An in-depth look at how 2 Bay Area restorative justice programs work

An in-depth look at how 2 Bay Area restorative justice programs work

OAKLAND, Calif. (KGO) — Program coordinators for restorative justice initiatives in the East Bay say they’re working to stop recidivism. ABC7 News I-Team reporter Melanie Woodrow has an in-depth look at the two programs.

The Oakland garden where Sol Mercado works is worlds away from prison.

"We’re here in planting justice," said Mercado."Everything grows organic, "she continued while taking ABC7 on a tour. RELATED: Family of Oakland baker seeks ‘restorative justice’ for her death following robbery "There’s like a lot of different, good programs going on," said Mercado, who began working at the garden in 2020."Like what I really wanted to […]