Guaranteed income helps with basic needs

Guaranteed income helps with basic needs

Recipient Geno Rosario said GRIT has helped him in ways that he didn’t expect. Recurring, unconditional cash payments alleviate the costs of basic necessities and make participants more economically resilient.

On Sept. 28, the initial spending and demographic results of Tacoma’s GRIT demonstration were rolled out as part of a major, nationwide step forward for the guaranteed income movement.

Mayors for a Guaranteed Income’s new data dashboard shows that in Tacoma and around the country, families are using their need-based cash payments to cover necessities in an uncertain economy – providing them with the opportunity, freedom and resilience they need to […]

Washington Post: Will America ever embrace universal basic income?

Washington Post: Will America ever embrace universal basic income?

(AP Photo/Rich Pedroncelli) This story is the clearest sign yet that some people on the left have learned absolutely nothing from ongoing inflation over 8 percent. Monday the Washington Post Magazine published a puff piece promoting universal basic income. In short, let’s give out trillions of dollars in free money and hope for the best. Incredibly, the word “inflation” does not appear a single time in the 5,500+ word piece. Instead we get stuff like this : In January 2019, Zohna Everett was sitting in an airport when her phone rang. On the other end of the line, a […]

233,000 People Applied For 3,250 Spots In Cook County’s $500-A-Month Guaranteed Income Pilot Program

233,000 People Applied For 3,250 Spots In Cook County’s $500-A-Month Guaranteed Income Pilot Program

Cook County Board President Toni Preckwinkle speaks as officials gather for a press conference on the first day of inoculations at the United Center mass vaccination site in the Near West Side neighborhood on March 9, 2021. CHICAGO — More than 230,000 people applied to a county program for guaranteed income — which has just 3,250 spots.

The Cook County Promise Guaranteed Income Pilot will send monthly payments of $500 to 3,250 residents for two years. Interest exploded during the application window Oct. 6-21, with 233,154 applicants by the end, according to the county.

Recipients will be chosen by lottery in […]

New Data Shows Ithaca Caregivers Buying Necessities While Seeking Stability

New Data Shows Ithaca Caregivers Buying Necessities While Seeking Stability

Paul Sableman via Flickr People like getting money and now the City of Ithaca has data to prove it. Ithaca Guaranteed Income (IGI) and its partner Mayors for a Guaranteed Income have rolled out the pilot projects’ initial spending data and demographic results, which show a diverse group of Ithaca caregivers spending IGI’s cash payments while forging a path toward greater stability for their families.

The local data dashboard also has links to data from MGI projects across the US. Together, they show that families in Ithaca and around the country are using their need-based cash payments to cover necessities […]

Gold-plated pensions worth £300k less than in January

Gold-plated pensions worth £300k less than in January

Savers swapping out final salary pensions for cash could receive £311,000 less than they would have at the start of the year, experts have warned, as “transfer values” hit levels not seen in almost two decades.

Thousands of savers have transferred their final salary or “defined benefit” pension – which pays a guaranteed income for life – for modern pensions which can be cashed out in one go.

But transferring at today’s rates means an average 64-year old would get £300,000 less than they would have done in January, according to the consultancy XPS Pensions Group.An average retiree with a £30,000 […]

Guaranteed Income Pilot Program Applications Open Soon

Guaranteed Income Pilot Program Applications Open Soon

ARISE logo_Voctor_Full Color RGB.jpeg Applications for Alexandria’s ARISE program — a pilot program guaranteeing basic income to hundreds of local families — will open on Oct. 31, city officials have announced. ARISE stands for Alexandria’s Recurring Income for Success and Equity.

An informational webinar is scheduled for Tuesday, Oct. 25 at 7 p.m. here . Applications will be open though Nov. 9.

The program will provide cash payments of $500 per month to 170 Alexandria households for two years. Funding for the program — $3 million — comes from federally-provided American Rescue Plan Act (ARPA) dollars.For residents who are chosen for […]

Lincoln Financial Launches Candid Conversations on Workplace Benefits

RADNOR, Pa.–( BUSINESS WIRE )–During National Retirement Security Month, Lincoln Financial Group (NYSE: LNC) invites employers to join the conversation on timely topics that impact how employees view benefits. Through a series of “Candid Conversations,” they can learn more about guaranteed income, supporting their employees’ well-being and employee retention from industry experts. “We value personalized service and having an open dialogue with those we serve, and these Candid Conversations are a natural extension of that” Tweet this “We value personalized service and having an open dialogue with those we serve, and these Candid Conversations are a natural extension of […]

Universal Basic Income and the Good of Work

Andrea Veltman

Proponents of a universal basic income argue that, regardless of work and other income, every adult citizen should receive a modest, uncondi- tional income that he or she can augment as he or she chooses. 1 Universal basic income is a bold and unconventional idea with an implicit ethical premise that the lives of all people are valuable in themselves and, if peo- ple are to live well, people need an income, a primary means of living. The ideal level of universal income would be sufficient for subsistence, but proponents are generally willing to start with smaller sums […]

Cook County’s guaranteed income plan draws 206,000 applicants

Cook County’s guaranteed income plan draws 206,000 applicants

More than 200,000 people put their names in for Cook County’s guaranteed income pilot program.

Cook County Board President Toni Preckwinkle didn’t sound surprised by that figure, telling reporters Thursday that more than one-third of the county was eligible for the program “and lots are in need in this difficult moment.”

Applications were accepted through Friday, with 206,000 people submitting them by Thursday, a county official said. Among those eligible, the county will choose 3,250 recipients by lottery who will be notified in mid-November, with the first payments going out by the end of January.The program is limited to those 18 […]

Gift yourself financial security & prosperity this Diwali by opting for Guaranteed Products

Gift yourself financial security & prosperity this Diwali by opting for Guaranteed Products

A guaranteed Savings Plan is a wealth accumulation plan that provides a lump sum benefit at maturity. Diwali is a much-awaited festival that celebrates new beginnings, happiness, and prosperity. It also heralds the auspicious beginning of planning for your financial journey for the coming year. Every individual and family’s financial objectives and journeys are varied; however, one thing remains constant across them all – timely evaluation of financial goals and research-backed planning helps mitigate the economic effects of unforeseen events.

Hence, it is crucial to consider life goals such as a child’s education, marriage expenses, etc. vis-à-vis current spending/ income […]