A US city is preparing to give away $1.05 million to residents in a new guaranteed income project.
People who are facing financial hardships can soon apply for the new program called GRIT 2.0 in Tacoma, Washington.
The project will give 175 families $500 a month for 12 consecutive months, and the way that money is spent is unrestricted.To qualify, each family’s income must be above 100% of the Federal Poverty Line (FPL) and below 200% of the FPL for the household’s size. “For many households, a small monthly infusion of financial support can make the difference between stability and vulnerability… […]
Full Post at dailyhodl.com