In an expansion of a pilot program that has already demonstrated a positive impact on its participants, the city of Paterson, New Jersey, is set to provide 200 low-income residents with $400 per month in a revamped universal basic income (UBI) initiative. This effort follows the city’s inaugural UBI experiment in 2022, which saw 110 residents benefit from the same monthly stipend. The program aims to offer a financial safety net, enhancing the economic security of its participants. The initiative, outlined by Paterson Mayor Andre Sayegh, is designed as a lottery-style selection process, where eligible residents will receive the […]
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