Tag: guaranteed income

Why Universal Basic Income is an American pipe dream

No-strings-attached guaranteed income schemes are sweeping Democrat-run cities — but welfare experts say there is little chance of them becoming a universal federal program because of the mammoth $3.3 trillion price tag.

Flush with pandemic cash, from Tacoma, Washington, to Gainesville, Florida , scores of local administrations are trying out guaranteed payouts to poor households in the region of $250-$1,000 per month.

In recent weeks, the Cook County area covering Chicago and its suburbs has started doling out $500 to more than 3,250 residents in a yearlong pilot, one of the nation’s largest to date.The trials are popular and beneficiaries say […]

Stimulus update 2023: Deadline to apply for direct $500 monthly payments in two days

Stimulus update 2023: Deadline to apply for direct $500 monthly payments in two days

Iowa families only have a couple more days to apply for a guaranteed income program that would provide them with $500 every month.

The UpLift program will select 110 applicants to receive monthly payments over two years. Researchers will track how participants use these payments each month. Recipients have total freedom with how they spend their money, according to the research firm Harkin Institute, which is helping with the program.

IOWA REPUBLICANS ‘SHOP AROUND’ FOR 2024 ALTERNATIVE TO TRUMP “Poverty is a chronic obstacle,” said Ashley Ezzio, lead programmer of UpLift. “Month upon month of limited income in the face […]

The HDFC Life Guaranteed Income Insurance plan comes with guaranteed, regular 11-13 percent returns on some assured with guaranteed death benefits.

The HDFC Life Guaranteed Income Insurance plan comes with guaranteed, regular 11-13 percent returns on some assured with guaranteed death benefits.

HDFC Life, the life insurance arm of HDFC Ltd., has launched a new guaranteed income life insurance plan that offers returns of 11 percent on the sum assured.

‘At HDFC Life, our aim is to ensure financial security for our policyholders and their loved ones. Life insurance as a product category provides the dual benefits of protection and long-term savings,’ said Aneesh Khanna, Head of Products and Segments, at HDFC Life. Check out the entire plan here – https://www.hdfclife.com/savings-plans/guaranteed-income-insurance-plan

Here are some of the key highlights of this plan. This non-participating life insurance plan has an entry range between zero […]

Cars, Trees, & Clean Energy – Good News This Week: February 25th 2023

Cars, Trees, & Clean Energy - Good News This Week: February 25th 2023

Every day the Good Good Good team collects the best good news in the world and shares it with our community. Here are the highlights for this week!

If you want to get good news in your inbox every day, join the Goodnewsletter — the free daily newsletter designed to leave you feeling hopeful.

‍ The Best Positive News We’re Celebrating This Week — Hank and John Green’ annual livestream just raised $2.9 million for charity in 48 hours Over the weekend, a celebration of community, fandom, and doing good for the world has raised $2.9 […]

Universal Basic Income: Modern America’s largest free cash experiment

Universal Basic Income: Modern America’s largest free cash experiment

No matter whether a person was working or not, they would receive a regular payment from the universal basic income (UBI), also known as guaranteed income. No matter whether a person was working or not, they would receive a regular payment from the universal basic income (UBI), also known as guaranteed income.

Its goal is to reduce poverty and provide people the freedom to manage their finances independently of salaries and perks. Allowing individuals to choose the professions they want to perform rather than the jobs they must do to survive, would allow them to work less and lead more […]

Which US cities have Basic Income programs with checks up to $500 and who qualifies?

Which US cities have Basic Income programs with checks up to $500 and who qualifies?

Marcos BrindicciREUTERS Universal basic income (UBI), sometimes known as guaranteed income, would provide a regular payment to citizens whether they were in work or not .

The idea behind it is that it would decrease poverty and allow people to have a level of money without any dictation from salary or benefits. Outside of raw economics it would give people the chance to work less and live more fulfilling lives in being able to choose jobs they want to do rather than what they have to do to survive.

Criticism of the idea is that it might disincentivize work. However, researchers […]

Basic income not a ‘miracle cure’ for poverty, Belgian study shows

Basic income not a 'miracle cure' for poverty, Belgian study shows

A homeless person near the Louise metro stop on Avenue Louise. Credit: Lauren Walker Basic income — giving an unconditioned salary to all citizens to keep them out of poverty — has been hailed as a solution for reducing spiralling inequality. However, one Belgian study has found it is not quite that simple.

In Belgium, almost 20% of the population lives in households that are either poor, financially insecure, or in some way materially or socially deprived. In the persistence of such poverty in welfare states, providing a direct cash benefit to people as part of the basic income […]

Aviva Signature Guaranteed Income Plan Launched

Aviva Signature Guaranteed Income Plan Launched

New Delhi, 23 February 2023: Aviva Life Insurance, India’s most trusted private life insurance company, announced the launch of the Aviva Signature Guaranteed Income Plan . The non-linked, non-participating savings life insurance plan is designed to provide customers with a comprehensive solution to help them build long-term wealth while saving tax and guaranteeing a steady income stream in the long run. The plan is crafted keeping in mind the financial needs of individuals across all stages of their lives, starting from young singles and couples to parents with young and grown-up children, couples nearing retirement, or already retired individuals […]

Check to see if you qualify for one of five monthly relief checks being offered to Americans, ranging in value from $200 to $500.

Check to see if you qualify for one of five monthly relief checks being offered to Americans, ranging in value from $200 to $500.

American citizens who qualify will soon receive monthly payments courtesy of five cities with guaranteed income programs.

In a universal basic income program, struggling eligible residents receive regular payments from cities or states.

Payments may be made once a year, several times per year, or every month.Amounts of assistance per resident per month will range from $200 to $500.A list of the five cities providing the assistance is provided below.1. UPLIFT – $500UpLift is a pilot project created to aid low-income Iowans. The guaranteed income program will pay $500 each month for two years to eligible residents.Additionally, UpLift will support residents’ […]

What is an annuity plan? All you need to know

What is an annuity plan? All you need to know

The LIC Saral Pension Yojana is a retirement annuity plan. Many people near retirement age are looking to secure a reliable source of income post-retirement. And many people blindly buy the annuity plans that their insurance agents suggest. But is this the right approach? We don’t think so.

It is because we need to be aware of different nuances before investing in any investment option. This is the start of an eight-part series on annuities . We hope that by the end of it, you will become confident about annuities. What is an annuity plan?

An annuity is a financial […]