Category: Basic Income

How is St. Louis’ guaranteed basic income pilot program going?

How is St. Louis' guaranteed basic income pilot program going?

Following a judge’s temporary restraining order, the 18-month pilot program providing low-income families with about $500 per month now relies on private funding.

ST. LOUIS — At just over halfway through the city’s guaranteed basic income pilot program, St. Louisans are still getting their monthly payments, according to City Treasurer Adam Layne. A temporary restraining order against the use of American Rescue Plan Act funds , however, has changed how the pilot is being funded.

The 18-month pilot program provides low-income families with about $500 per month, originally paid out from a pool of $5 million from ARPA funding. A judge […]

Osprey Retirement Honors Eric Hutter’s 12-Year Milestone on Florida Radio

Osprey Retirement Honors Eric Hutter’s 12-Year Milestone on Florida Radio

Florida’s leading retirement firm, Osprey Retirement Solutions, celebrates Eric Hutter’s 12 years of success on the Safe Money and Income Radio Show. Osprey Retirement Solutions proudly celebrates a significant milestone as Eric Hutter, the firm’s President, and Florida’s trusted financial expert, marks 12 successful years on the air with his show Safe Money and Income Radio. With over 30 years of expertise, Eric Hutter, a multi-state licensed financial guru, helps people navigate retirement using income planning and guarantees.

In a recent statement, Darin Lucas, CEO of Aegis Financial, announced, "Over the past 12 years, Hutter has reached thousands of listeners, […]

Universal Basic Income schemes are popular on…

Universal Basic Income schemes are popular on…

FILE – In this Aug. 14, 2019, file photo, then-Stockton Mayor Michael Tubbs speaks during an interview in Stockton, Calif. (AP Photo/Rich Pedroncelli, File) Some politicians and activists are eager to give you “free” money.

They call it universal basic income (UBI) — cash for everyone, no strings attached.

Comedian Dave Chappelle thinks UBI would “save my community almost instantly.”In my new video, UBI activist Conrad Shaw agrees, “You would effectively get rid of extreme poverty immediately.”He says a UBI will help people “start businesses, fix their homes or invest in sustainable gardens.”Well, “sustainable gardens” might be nice, but someone still […]

SA’s poor urgently need a decent universal basic income grant

SA’s poor urgently need a decent universal basic income grant

The number of SRD applications has been growing steadily since its introduction in 2020. The 17 million applications mark was passed three months ago, but the real story is that the number of grants approved has not grown in a long time. On 1 October, phase 2 of the Government Business Partnership was launched. More than 140 company chief executives, with a combined market capitalisation in excess of R11 trillion, met the president and the government of national unity to celebrate their optimism for South Africa’s future.

In the same week, Deputy President Paul Mashatile led a large team of […]

Huge pension scheme change could boost retirement savings for millions

Huge pension scheme change could boost retirement savings for millions

-Credit: (Image: Reach Publishing Services Limited) A huge change to pension schemes could boost the savings for millions. Collective Defined Contribution (CDC) is a new type of workplace pension which could soon be expanded.

There are currently two main types of pensions available through employers – defined benefit and defined contribution. Defined benefit pensions pay you a guaranteed income in retirement based on your salary.

Defined contribution pensions allow you to build up a pot of money and take an income from it after you stop working. CDC pension schemes are where contributions are pooled together into a collective fund and […]

Is conditional basic income effective?

Insight from top 10 papers

Conditional basic income (CBI) has been proposed as a potential solution to alleviate poverty and improve social welfare. The effectiveness of CBI is debated, with various studies examining its impact on poverty-related outcomes, social security systems, and individual well-being. This response synthesizes findings from multiple research papers to evaluate the effectiveness of CBI. Impact on Poverty and Social Welfare

Poverty Alleviation : CBI has shown potential in reducing poverty-related outcomes. A systematic review and meta-analysis of guaranteed basic income interventions in high-income countries found improvements in food insecurity and subjective financial well-being, although the […]

Her daughter was killed, her son was taken away. This new Yolo program found her a new home

Her daughter was killed, her son was taken away. This new Yolo program found her a new home

One in five people live below the poverty line in Yolo County. Poverty alleviation programs can exert a powerful impact on health, welfare and development, particularly for children. Accordingly, the Center for Regional Change partners with Yolo county Health and Human Services to design and evaluate the Yolo Basic Income Program (YoBI), structured to serve families with children under the age of six who are experiencing homelessness and enrolled in the CalWORKs program. The YoBI program enrolled all qualifying families from the CalWorks Housing Support Program in 2022. Families receive traditional case management support and benefits through the CalWORKS […]

$4100 CRA Payment Coming in October 2024: Fact or Fiction?

$4100 CRA Payment Coming in October 2024: Fact or Fiction?

$4100 CRA Payment Coming in October 2024 There has been a lot of buzz recently regarding a $4,100 CRA payment that is rumoured to be coming to seniors in October 2024 . This news has generated excitement among pensioners who could benefit from extra financial support, especially with rising living costs. But is there any truth to these claims? Let’s break down what is known so far, clarify eligibility criteria, and offer insights into what Canadian seniors can expect in terms of payments this October. $4100 CRA Payment Coming in October 2024: Fact or Fiction?

While the news […]

The Cost of Free Money

Some politicians and activists are eager to give you "free" money.

They call it universal basic income (UBI) — cash for everyone, no strings attached.

Comedian Dave Chappelle thinks UBI would "save my community almost instantly."In my new video , UBI activist Conrad Shaw agrees, "You would effectively get rid of extreme poverty immediately."He says a UBI will help people "start businesses, fix their homes or invest in sustainable gardens."Well, "sustainable gardens" might be nice, but someone still has to make stuff. And that requires work — often difficult work.When I was young, If I hadn’t needed to work to support […]

Shreveport Guaranteed Income Program Shows Positive Impact on Financial Stability, Parenting, and Well-Being

Shreveport, LA – The Shreveport Guaranteed Income Program (SGIP) has demonstrated significant improvements in financial stability, food security, housing, and overall well-being for participating single-parent families, according to a new independent report from Abt Global. The SGIP, which provided $660 per month to 110 single-parent households for 12 months, was developed through a partnership between the City of Shreveport, Mayors for a Guaranteed Income, and United Way of Northwest Louisiana.

Key findings from the report highlight several areas where SGIP participants saw tangible benefits: Financial Stability : SGIP participants were more likely to report their household financial situation as “managing.” […]