News In 2012, one in every 135 homes in Stockton, California, was in foreclosure and the city was in bankruptcy protection. Although the area’s housing market is certainly now in recovery mode, local officials believe that many residents still need something extra to help them make ends meet. As a result, the city will be the first in the United States to debut a pilot Universal Basic Income (UBI) program that will give 100 Stockton residents $500 a month for 18 months starting in 2019.
“The goal is to create an income floor no one will fall beneath,” explained CNN […]
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