Tag: guaranteed income

Americans set for $1,000 direct payments for two years – check if you’re eligible

Americans set for $1,000 direct payments for two years - check if you're eligible

Americans could be eligible for a monthly scheme that awards lucky applicants $1,000 a month for two years.

This is available as part of the extension of the guaranteed income initiative called "Breathe".

But, this lucrative scheme is only accessible to those who live in Los Angeles Country in California. On top of this, applicants need to make sure they meet the program’s eligibility requirements to get any money.Overall, someone who is successful in applying for this scheme will get $24,000 over a two-year period. READ MORE: IRS tax brackets for 2023 and important deadlines explained after income bracket changes What […]

Annuity gap increases to a four-year high

Annuity gap increases to a four-year high

The gap between the best and worst paying annuities for retirees has risen to its highest level in over four years, according to analysis from Just Group.

The firm’s research of the market found the disparity between the least and most competitive annuity providers has increased to 18%, compared to 14% earlier this year .

It calculated this gap would result in a prospective 65 year-old retiree with a pension pot valued at £50,000 receiving a guaranteed income of £3,470 a year with the most competitive provider, compared to £2,952 a year with the least competitive, which could lead […]

‘Life-changing impacts’: can a guaranteed income program work?

‘Life-changing impacts’: can a guaranteed income program work?

An image from It’s Basic. Photograph: Marc Levin ichael Tubbs had just been elected the youngest and first Black mayor of Stockton, California, when he announced his intention to launch what would be the country’s first universal basic income program in decades.

The year was 2017, and the plan was to pay some residents $500 a month, no strings attached. Tubbs received death threats over the program. His critics accused him of disincentivizing work – if the government is handing out free cash, his critics asked, why would anyone want to get a job? They claimed that this was just […]

‘Life-changing impacts’: can a guaranteed income program work?

'Life-changing impacts': can a guaranteed income program work?

It’s Basic, a new documentary premiering at the Tribeca film festival, looks at the US program that gave in-need participants $500 a month, no strings attached

Michael Tubbs had just been elected the youngest and first Black mayor of Stockton, California, when he announced his intention to launch what would be the country’s first universal basic income program in decades.
The year was 2017, and the plan was to pay some residents $500 a month, no strings attached. Tubbs received death threats over the program. His critics accused him of disincentivizing work – if the government is handing out free […]

Is taxing the wealthy a smart move?

Is taxing the wealthy a smart move?

Adviser comments on Greens’ plan to levy assets over $2 million Taxing people on higher incomes and who have higher net assets to fund the Greens’ proposed “income guarantee” is a disincentive for business owners, a mortgage adviser says.

Ahead of the New Zealand election, the Green Party has released a proposed income guarantee aimed at helping families out of poverty through a change in tax rules.

Satyan Mehra (pictured above) is the director and chief adviser for iConsult, which provides lending solutions for small to medium sized businesses, property investors and developers.While there was merit in uplifting lower-earning sectors and […]

Pensions – Articles – Guaranteed lifetime income rates on the rise

18% income gap could deliver more than £500 a year extra for a 65-year-old with £50k pension. Latest analysis of market rates by Just Group reinforces importance of shopping around The income available to retirees buying Guaranteed Income for Life solutions is back on the rise but the gap between the best and worst rates has widened to its highest for more than four years, new figures from retirement specialist Just Group reveal. Switching from the least to the most competitive provider can deliver nearly 18% more income, highlighting the importance of shopping around. This is equivalent to […]

Banking on Moms

Banking on Moms

Alex Harper was working at a Planet Fitness in Winnipeg when she became pregnant with her first child in the fall of 2022. When a friend heard the news, she told Harper about the Manitoba Prenatal Benefit , a program that’s been in place in the Canadian province since 2001 to provide pregnant women earning less than $32,000. These moms-to-be receive a monthly stipend of $80 (Can$) to use however they see fit — no strings attached. All women need to do is complete a form with their healthcare provider’s confirmation of the pregnancy.

A check for $80 (about $60 […]

Escape the Work Woes: The Promise of Universal Basic Income

Escape the Work Woes: The Promise of Universal Basic Income

Analytics beincrypto.com 7 h Reading time: ~5 m In the relentless churn of the 21st-century work landscape, a beacon of hope emerges for many seeking a reprieve from the mounting pressures of job insecurity, economic uncertainty, and poverty. The concept? Universal Basic Income (UBI).

This is a 500-year-old idea gaining renewed attention due to the evolving job market. Especially now, with artificial intelligence and technological disruption, UBI proposes a fascinating solution. The goal is a government-provided set salary for every citizen, regardless of income or social status. A Glimpse into the Future

Two localities in the United Kingdom – […]

Greens’ income guarantee would help disabled, Māori in poverty, advocates say

Guaranteeing a minimum income to every Kiwi would help disabled people and Māori living in poverty, advocates say.

The Green Party revealed a new tax and welfare policy on Sunday which included an income guarantee, ensuring everyone would receive at least $385 per week, after tax.

CCS Disability Action chief executive Mel Smith said income levels have a significant impact on overall wellbeing and life outcomes."Disabled people and their families are significantly more likely to live in poverty, with lower income rates than non-disabled people,” she said READ MORE: * Cost of living blamed for 165% increase in foodbank demand […]

Escape the Work Woes: The Promise of Universal Basic Income

Escape the Work Woes: The Promise of Universal Basic Income

In the relentless churn of the 21st-century work landscape, a beacon of hope emerges for many seeking a reprieve from the mounting pressures of job insecurity, economic uncertainty, and poverty. The concept? Universal Basic Income (UBI).

This is a 500-year-old idea gaining renewed attention due to the evolving job market. Especially now, with artificial intelligence and technological disruption, UBI proposes a fascinating solution. The goal is a government-provided set salary for every citizen, regardless of income or social status. A Glimpse into the Future

Two localities in the United Kingdom – the central part of Jarrow and East Finchley […]