Louisville to pay some residents $500 a month through guaranteed income program

Louisville to pay some residents $500 a month through guaranteed income program

The skyline of downtown Louisville, Ky. as seen from Jeffersonville, Ind. (Source: WAVE 3 News) LOUISVILLE, Ky. (WAVE) – Louisville is the latest city to launch its own guaranteed income program where the government issues some residents a monthly payment in hopes of bringing them out of poverty.

People participating in the program will receive $500 a month for a year. There are no restrictions on how the payments are spent.

Metro government, Metro United Way, and Mayors for a Guaranteed Income will fund the $900,000 pilot program, called YAlift. Louisville Metro will contribute $100,000 to cover administrative fees.People 18 to […]

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