Tag: guaranteed income

The next guaranteed income program in California is expected to begin in less than a month, with applicants receiving $500 monthly payouts. The next guaranteed income program in California is expected to begin in less than a month, with applicants receiving $500 monthly payouts.

California’s $800 billion plan for reparations could be at risk due to a significant budget shortfall. How to be Eligible for Guaranteed Income Program?

The program participants will be provided with a debit card, onto which the city will load $500 every month.This card can be used to pay for goods and services at any […]

Full Post at www.bloggingbigblue.com

Those who will be renting in retirement face having to save more in their pension pot (Getty Images/Image Source) Pensioners who continue to rent in their retirement will need a pot of over half a million pounds to fund even a ‘moderate retirement’, according to new analysis.

It comes as interest rates hit 4.5 per cen t, with inflation still in double digits, hitting pensioners spending power. This means that even though their state pension has now increased to 10.1 per cent, it is still not stretching as far as before due to the cost of living.

Figures compiled by pension […]

Full Post at inews.co.uk

For decades, my mother worked multiple minimum wage jobs to make ends meet. A federal guaranteed income and expanding the child tax credit would help today’s struggling families.

Sukhi Samra (right) with her mom and sisters. (Courtesy of Sukhi Samra) For much of my life, my mom and I were inseparable. When I was 10 and my mom started working evening shifts at Subway, I went with her, sprawled across the green restaurant booths with my Mad Libs and Furby while she stood behind the counter counting change. When my mom did night shifts at the gas station, I […]

Full Post at msmagazine.com

Chicago — Adriana Flores, a single mother of two boys, watches every dollar, and even though she works full-time as an educator, she earns less than $40,000 per year.

Last year, she could only dream of new soccer supplies for her sons.

"We could get by," Flores told CBS News. "But how horrible is it to live your life just getting by? That’s not enjoying it."However, thanks to a new $500 monthly payment she will receive for the next two years, she has been able to do more than just get by."I don’t stress as much because I have that little […]

Full Post at www.cbsnews.com

The 74 The first few weeks Caleb Lee was given $50 as part of a first-of-its-kind guaranteed income experiment at his Indianapolis charter high school, it went hand to mouth in the form of Mexican takeout DoorDash deliveries.

Now, just three months later, the 11th-grader’s goals for the money have shifted toward savings and financial goals — just as his school and researchers hoped.

Lee’s high school, the Rooted School in the Arlington Woods neighborhood, and another Rooted School in New Orleans partnered for the $50 Study, collaborating with university researchers to see if cash payments to students can help students […]

Full Post at www.indystar.com

Students at the Rooted School in Indianapolis show off the debit cards (with card numbers covered) that hold the $50 a week guaranteed income the school and researchers are giving them to teach financial literacy. (Patrick O’Donnell) The first few weeks Caleb Lee was given $50 as part of a first-of-its-kind guaranteed income experiment at his Indianapolis charter high school, it went hand to mouth in the form of Mexican takeout DoorDash deliveries.

Now, just three months later, the 11th grader’s goals for the money have shifted toward savings and financial goals — just as his school and researchers hoped.

Lee’s […]

Full Post at www.the74million.org