Guaranteed Minimum Income: What Is It and How Is It Different From Universal Basic Income?

Guaranteed Minimum Income: What Is It and How Is It Different From Universal Basic Income?

Yulia Reznikov This story was published as part of Teen Vogue’ s 2021 Economic Security Project fellowship .

You’ve probably heard of universal basic income (UBI). It was a cornerstone of the 2020 presidential campaign of Andrew Yang , who offered a $1,000 monthly “Freedom Dividend” to American adults. During the COVID-19 pandemic, some lawmakers have pushed for the government to provide monthly direct payments to all households so people could pay rent or other expenses. As Rebekka Ayres wrote for Teen Vogue , UBI basically proposes “that the government provides every citizen with a lump sum of income […]

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