California launches $1.9 billion guaranteed income programs

California launches $1.9 billion guaranteed income programs

In a significant step towards what they call addressing poverty and fostering equitable opportunities, California just launched its inaugural state-funded guaranteed income pilot programs.

These pioneering initiatives are set to benefit young adults who have aged out of the foster care system, providing them with a monthly stipend of $1,000 to $1,200.

Administered by the Department of Social Services, these pilot programs, according to officials, are designed to deliver unconditional, individual, regular cash payments intended to disrupt poverty, advance equity, and support the basic needs of all its recipients.Governor Gavin Newsom said that the primary objective of the programs is to […]

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