A ‘Financial Vaccine’: Cambridge Launches Guaranteed Income Pilot Program

A ‘Financial Vaccine’: Cambridge Launches Guaranteed Income Pilot Program

The Fridge in the Square, a community fridge in Harvard Square, launched earlier this year to support local residents experiencing food insecurity. Despite its wealthy universities and companies, a recent study found 20 percent of Cambridge residents make $13,000 dollars a year. By Truong L. Nguyen

Cambridge will pilot a guaranteed income program, doling out $500 no-strings-attached monthly payments to 120 eligible, low-income families for 18 months starting in August.

Cambridge Mayor Sumbul Siddiqui announced the Cambridge Recurring Income for Success and Empowerment project at a press conference Thursday. Single caretaker households who fall below 80 percent of the median […]

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