Tag: guaranteed income

Stimulus check update: Direct payment worth $1,000 to be issued to recipients in 13 days

Stimulus check update: Direct payment worth $1,000 to be issued to recipients in 13 days

Recipients of a guaranteed income program in Los Angeles County only need to wait a little less than two weeks before their next payment of $1,000 will be issued.

The program, titled Breathe , selected 1,000 people last year to receive $1,000 every month for three years and issues the payments to recipients every 15th of a month. Payments began in June 2022, and the final payment will be issued in August 2025, a spokesperson for Los Angeles County told the Washington Examiner .

DEBT LIMIT: THE GOVERNMENT SPENDING STANDOFF THAT COULD COME NEXT The program was launched by the […]

Compton Pledge guaranteed income program comes to an end

Compton Pledge guaranteed income program comes to an end

COMPTON (2UG) – The Compton Pledge is coming to an end after a successful two-year pilot program in the city of Compton that served 800 participants.

The Compton Pledge is part of the Fund for Guaranteed Income that is the brainchild of Nika Soon-Shiong, the daughter of the owner of the Los Angeles Times. The news was shared on their social media accounts. The final payments of the groundbreaking Compton Pledge pilot program, has been sent out. This program has paved the way for GI initiatives across the nation, supporting 800 low-income Compton families with over $9.2 million dollars of […]

Lawsuit Accuses San Francisco Of Running Racially Discriminatory Guaranteed Income Programs

Lawsuit Accuses San Francisco Of Running Racially Discriminatory Guaranteed Income Programs

Golden Gate Bridge The Californians for Equal Rights Foundation (CFER) filed a lawsuit accusing San Francisco of running racially discriminatory guaranteed income programs, which the organization says violate the 14th Amendment.

CFER, which is being represented by the American Civil Rights Project (ACR Project), announced that their lawsuit would challenge several different entities, including both the City and County of San Francisco as well as San Francisco Unified School District, the California Health and Human Services Agency, and the University of California San Francisco.

“Our legal challenge focuses on four unconstitutional guaranteed-income programs that violate the 14th Amendment to the U.S. […]

San Francisco City, Schools Sued Over Race-Based Welfare Programs

San Francisco City, Schools Sued Over Race-Based Welfare Programs

VIVIAN LIN/AFP via Getty Images The Californians for Equal Rights Foundation (CFER) is suing the city of San Francisco and several other government entities over guaranteed income programs that discriminate on the basis of race, the group announced in a Thursday press release.

The lawsuit challenges the City and County of San Francisco, the San Francisco Unified School District, the University of California San Francisco and the California Health and Human Services Agency over four government programs which offer routine basic income payments to individuals on the basis of race. The 14th Amendment of the U.S. Constitution and California’s state […]

A ‘conservation basic income’

A ‘conservation basic income’

The cost of subsidising people in vulnerable areas to help safeguard biodiversity could be less than the financial aid given to environmentally harmful industries, a study suggests.

For less than £5 a day per person, governments could help protect fragile and economically vital ecosystems and boost efforts to conserve global biodiversity, researchers say. Cheaper than fossil fuels

The introduction of a conservation basic income (CBI) – unconditional cash payments given to people living in protected areas or alongside at-risk species – of $5.50 (around £4.40) per day for people who live in protected areas in low- and middle-income countries would […]

Annuity sales soar by 22% as more attractive rates tempt people to give the shunned retirement products another look

Annuity sales soar by 22% as more attractive rates tempt people to give the shunned retirement products another look

Retirement income: Annuities provide a safe income for life, and deals have improved after recent interest rate hikes Annuity sales have surged by a fifth to a four-year high, as better value deals prompt more people to choose a safe retirement income rather than invest their pension.

Despite offering the advantage of a guaranteed income until you die, annuities have been shunned for years due to poor rates and restrictive conditions.

But the recent run of interest rate hikes mean providers can afford to fund much more attractive deals.For £100,000, a healthy 65-year-old can now get income of around £6,790 a […]

Annuities: Sales surge as consumers trade flexibility for security

Annuities: Sales surge as consumers trade flexibility for security

Sales of annuities have grown by more than a fifth (22%) during the first three months of 2023 according to data from the Association of British Insurers (ABI).

Stephen Lowe, Just Group

Annuity rates are linked to interest rates and the rapid rise in sales is mirrored by the increase in interest rates over the past few months. Big money Between January and March 2023, 16,256 annuities were purchased, the largest number recorded since 17,252 were sold between July and September 2019.Annuity premiums for the quarter totalled £1.2 billion, another highest value since 2015 when the pensions freedoms were introduced.Pension […]

MON Helps Black Moms with ‘Mother Up’

MON Helps Black Moms with ‘Mother Up’

Parents around the world will attest that raising children is never easy, but combining rearing upstanding financial strains, tough times and the moments when life hits extra hard and truly be a challenge. Though there are public, government and federal agencies and programs in place to support parents, sometimes entering into the system can have adverse effects. Working outside the confines and sometimes limiting or punitive challenges of government agencies, Mother’s Outreach Network (MON) is working to empower mothers by providing support, access to legal resources and more.

“Mothers Outreach Network is an advocacy organization. And it’s really aimed at […]

Stimulus check update: Applications for monthly $1,000 direct payment open next month

Stimulus check update: Applications for monthly $1,000 direct payment open next month

A guaranteed income program in Los Angeles County will soon open applications to former foster children that will give recipients monthly payments of $1,000 for two years.

The program, titled Breathe , will select 200 applicants to receive these payments over the course of two years. The window for this application will open on June 20 at 6 a.m., and will close on July 3 at 11:59 p.m.

DEBT LIMIT DEAL: WHERE IT STANDS AND WHAT IS STILL TO COME The program selected 1,000 people last year to receive $1,000 every month for three years, and now the program is […]

Americans With Annuities Want More Annuities: Survey

Americans With Annuities Want More Annuities: Survey

What You Need to Know

Income annuities are especially popular with survey participants with an annual income of over $100,000.

People who already have a guaranteed source of retirement income want more. The survey, which found overwhelming popularity of guaranteed income products, did not describe the products as annuities. Americans who already own annuities, or other products that provide a guaranteed source of lifetime income, love the idea of buying more annuities.The American Council of Life Insurers came up with data on how familiarity with annuities breeds love for annuities when it sponsored a recent survey of 1,003 U.S. […]