Tag: guaranteed income

California Announces $25 Million to Support Basic Income Guarantee Programs

California Announces $25 Million to Support Basic Income Guarantee Programs

California Governor Gavin Newsom and the California Department of Human Services (CDSS) have announced launch of the Pooled Fund, a pilot program to help organizations offering a guaranteed basic income .

The program that will have $25 million through public-private funds will support the state’s guaranteed basic income plans and provide resources to “start, maintain, or improve pilot programs,” according to with a statement government of California. California Income Guaranteed Pilot Program Launched!

In this pilot round, nearly 2,000 Californians will receive between $600 and $1,200 a month for up to 18 months.Through our partnerships with charities, some of the most […]

Guaranteed Income Recipients Praise Poverty Program Outcome

Guaranteed Income Recipients Praise Poverty Program Outcome

Debbie Wilkerson, after years of battling bad credit, is on her way to save up for a down payment on her first home.

She says a Guaranteed Income pilot program has helped her one-income household gain some stability, while living check-to-check has left her family with no path to owning their first home.

“I don’t have to worry anymore,” Wilkerson said in an interview.Guaranteed income programs provide recipients with direct cash payments to help fight poverty or economic inequality.Mayors for Guaranteed Income, a national network of mayors and researchers who lead these types of programs, is conducting temporary pilot programs across […]

Northwestern Mutual: 8 Things Retirees Should Know

Northwestern Mutual MILWAUKEE, Dec. 21, 2022 (GLOBE NEWSWIRE) — Northwestern Mutual: Retirement can be a time to slow down, relax, and enjoy life, but it can also come with its fair share of challenges. For anyone embarking on their retirement journey, here are eight financial and lifestyle considerations to keep in mind:

1. Their budget: Retirees will want to have a good idea of all their retirement finances, including both their yearly and monthly budgets. This can help them make informed decisions about their spending and figure out how much they can afford on things like travel, new hobbies, […]

Americans will receive direct payment of $1,000 for two years – see if you qualify

Americans will receive direct payment of $1,000 for two years – see if you qualify

STARTING this week, those struggling in Santa Clara County are set to receive their first $1,000 checks for the two-year universal basic income (UBI) program.

The Silicon Valley Guaranteed Income Program will be giving 150 Santa Clara County families experiencing or at risk of homelessness no-strings-attached income for 24 months. Recipients will score the first check from the two-year program this week This week, about 10 to 15 households will receive their first payments.

According to the website , "the program is designed to help participants achieve housing stability as well as greater independence over their lives, finances, and future."In addition […]

More Than 80 Cities, Counties Using Federal Pandemic Aid To Fund Guaranteed Income Pilot Programs

More Than 80 Cities, Counties Using Federal Pandemic Aid To Fund Guaranteed Income Pilot Programs

There are at least 82 municipalities across 29 states now engaged in guaranteed income experiments , including more than 70 with pilot programs created within the past year, according to a coalition of more than 100 American mayors promoting the concept.

Mayors for Guaranteed Income, and proponents among municipal officials nationwide, are encouraging local governments to seed pilot programs with federal pandemic assistance from a $350 billion fund for state and local governments within the $1.9 trillion American Rescue Plan Act ( ARPA ), adopted in March 2021.

The mayoral group was established by Michael Tubbs, the former mayor of Stockton, […]

Retirees with a Guaranteed Income Are Happier, Live Longer

Some interesting threads on the forum recently regarding the real income from nominal annuities being subject to inflation. One counterpoint is that having a guaranteed lifetime stream of income might be good for your mental health in retirement: Retirees who are surrounded by their family and friends — and who also have a substantial check coming in every month for the rest of their lives — are much happier, according to an articles published in Time and The Wall Street Journal. They also live longer, studies show.

How can you get additional guaranteed income? Income annuities provide an […]

California working with philanthropic groups on pilot guaranteed income program

California working with philanthropic groups on pilot guaranteed income program

By TOM JOYCE

THE CENTER SQUARE CONTRIBUTOR

(The Center Square) – California is launching a universal basic income pilot program, Gov. Gavin Newsom’s office announced.California is launching its Guaranteed Income Pooled Fund. The program is, “a philanthropic endeavor to help organizations fund their Guaranteed Income Pilot Programs by helping pilot projects unlock more than $25 million in grants from the state,” according to the release.“As people across the country struggle with global inflation, this guaranteed income pilot program provides some much-needed support and breathing room for the most vulnerable Californians,” Gov. Newsom said in the press release. “This […]

Why Guaranteed Income Programs Work

Why Guaranteed Income Programs Work

Kelli Garcia explains that guaranteed income programs work because they put resources in the hands of people who need them and trust that those people are best equipped to make smart decisions about spending.

How can you support guaranteed income at scale? How can you extend trust to those you are trying to help with your philanthropy?

Staff members at Springboard To Opportunities heard repeatedly from their clients that the thing they needed to successfully reach their goals was more cash. In response, the Jackson, Mississippi, organization launched the Magnolia’s Mother’s Trust in 2018. It couldn’t have been simpler: […]

More than 400 Black Pregnant Women in California to Receive $1,000 Additional Monthly Check

More than 400 Black Pregnant Women in California to Receive $1,000 Additional Monthly Check

More than 400 Black Pregnant Women in California to Receive $1,000 Additional Monthly Check 3 The San Francisco Department of Public Health announced on Tuesday that the guaranteed income program had received $5 million to extend its services to expectant mothers throughout California. About 425 soon-to-be mothers living in Alameda, Contra Costa, Los Angeles, and Riverside counties will receive an additional payment for the next two to three years through the California Department of Social Services. $1,000 Additional Benefits

To reduce racial birth disparities, the Abundant Birth Project gave an extra $1,000 a month to 150 at-risk pregnant […]

Inflation is eroding the power of basic income checks in America

Inflation is eroding the power of basic income checks in America

(Bloomberg)—America’s biggest basic-income program is taking a whack from inflation.

A group of low-income residents of Cook County, Illinois is getting their first $500 checks this week from the $42 million two-year program, which organizers say is the largest-ever such initiative in the US. The idea is to give families a government-funded guaranteed payment every month to help pay for the basics like food, shelter and other living expenses.

But with soaring prices for everything from food to fuel, more than 3,000 recipients will find that money won’t stretch nearly as far as when the grants were announced in May.Underscoring the […]