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For millions of Americans, an unexpected expense ― a broken down car, a sudden rent increase, an illness ― can be financially crippling. Forty percent would struggle to cover a $400 emergency expense. For many on low incomes, it’s a constant cycle of anxiety.The city of Stockton, California, has been experimenting with an idea – called the Stockton Economic Empowerment Demonstration (SEED) – that could help alleviate this financial vulnerability for some of its residents and ultimately improve their physical and mental health.Since February, the city has given $500 a month, […]
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