What Rich People and Government do “to Help” the Poor are What Makes them Poorer

What Rich People and Government do “to Help” the Poor are What Makes them Poorer

Photo by MART PRODUCTION As of June 2022, poor families receive RD$2,369.73 in subsidies, unlike the families who received only RD$1,334 as of January 2020. The new government has increased the average monthly subsidy of families by 77.64%. Believe it or not, this is positive propaganda for the current government of my country.

And we are not the only nation that does that.

Last April, the governor of Los Angeles launched a “ guaranteed income ” program that will select 1000 families to give them $1000 monthly for three years.The idea of a government sending money to people just for existing […]

4th stimulus check update 2022 — Five payments worth up to $1,700 going out this month – the exact dates they’ll arrive

4th stimulus check update 2022 — Five payments worth up to $1,700 going out this month – the exact dates they’ll arrive

Close MILLIONS of Americans will be getting extra financial help worth up to $1,700 this month through direct payments from their state.

Five states are putting money back in the hands of residents to help offset rising costs due to inflation.

Maine , Oregon, and Indiana are sending out state-wide of up to $1,700, $600, and $250 respectively.These payments depend on tax filing status and income.Eligible Chicago , Illinois residents can apply each month for transit and gas card funds .Between 2,300 and 2,400 eligible residents in Johnson County, Iowa are set to get $1,400 stimulus payments this month […]

Christian charity head welcomes Universal Basic Income trial for care leavers in Wales

Christian charity head welcomes Universal Basic Income trial for care leavers in Wales

The head of a Christian children’s charity is welcoming the idea of a Universal Basic Income for teenagers leaving care.

From today, care leavers in Wales will be given £1600 a month to help support them into adulthood.

Around 500 18 year olds will receive the monthly payment as part of a two-year pilot scheme.The Welsh government hopes the guaranteed income will help them overcome challenges such as the threat of homelessness and mental health problems.Ian Soars is CEO of Spurgeons which works with vulnerable families, children and young people. He’s been speaking to Premier about how this could also encourage […]

St. Paul Mayor Carter announces guaranteed income, college tuition program

St. Paul Mayor Carter announces guaranteed income, college tuition program

(FOX 9) – Using funds through the American Rescue Plan, select St. Paul families will be enrolled in a pilot program that offers guaranteed basic income and payments to a college savings plan.

St. Paul Mayor Melvin Carter announced the CollegeBound Boost on Thursday – an initiative to expand St. Paul’s guaranteed income and college savings programs.

Led by the St. Paul Office of Financial Empowerment, the project will provide 333 enrolled low-income families with a combination of $500 in guaranteed income payments each month for two years, and deposits of $1,000 each for their child’s college savings account."I’m excited about […]

Mayor Carter expands guaranteed income program with $500 monthly checks for low-income families

Mayor Carter expands guaranteed income program with $500 monthly checks for low-income families

Courtesy of City of St. Paul Mayor Melvin Carter St. Paul Mayor Melvin Carter announced on Wednesday the expansion of the city’s guaranteed income and college savings programs.

With the launch of the CollegeBound Boost program, Carter announced that 333 low-income families enrolled in the CollegeBound program will receive $500 a month in guaranteed income payments for two years and deposits of $1,000 each for their child’s CollegeBound savings account starting this summer.

“Direct cash payments are a simple, effective way to help St. Paul residents achieve economic security,” said Mayor Carter in a released statement. “CollegeBound Boost is our bold […]

San Jose Spotlight: Latest Effort To Help Homeless Silicon Valley Students: Guaranteed Income

San Jose Spotlight: Latest Effort To Help Homeless Silicon Valley Students: Guaranteed Income

San Jose Spotlight

Homeless high school students in Santa Clara County may soon receive an income lifeline.

State Sen. Dave Cortese is working to bring guaranteed income to local homeless high school seniors through a pilot program, after a similar bill, SB 1341, failed in the state Legislature. He’s asked Santa Clara County Supervisor Susan Ellenberg to help steer the local proposal."I am looking forward to introducing this proposal to my colleagues after the July board recess to show the state that providing unhoused high school students with guaranteed income sets them up for future success," Ellenberg said.Cortese introduced the now-failed […]

You’re More Likely to Have Guaranteed Retirement Income If You Do This

You're More Likely to Have Guaranteed Retirement Income If You Do This

Smart Asset: A Financial Advisor Makes You This Much More Likely to Have Guaranteed Income A new study by the financial services company Allianz says that a higher percentage of Americans working with financial advisors buy products that provide guaranteed sources of retirement income. That’s compared to folks who’ve never used a financial professional. The study also revealed that a higher percentage of individuals who work with financial advisors are researching expenses and risks associated with retirement income. Let’s take a look at how beneficial financial advisors are for consumers’ retirement goals.

Whether you are looking for retirement or […]

St. Paul’s next basic income experiment: $12,000 cash plus money for college

St. Paul’s next basic income experiment: $12,000 cash plus money for college

The City of St. Paul is expanding its guaranteed basic income experiment, giving monthly checks to more families while also making deposits into some of their children’s college savings accounts.

With the city council’s support, Mayor Melvin Carter launched the People’s Prosperity Guaranteed Income Pilot in November 2020, spending $300,000 in federal coronavirus relief grants and $1.2 million from donors.

That provided $500 a month for 18 months to 150 low-income families with no strings attached.Carter announced Wednesday that the next phase, which he’s calling CollegeBound Boost, will send money to two groups: 333 families will get $1,000 added to each […]

Edelweiss Tokio Life launches Guaranteed Income STAR, a Flexible Plan for Your Planned & Un-Planned Needs!

Life is all about enjoying small moments with your loved ones. Everyone wants to be happy and successful. More happiness, freedom, joy, peace, and opportunities for us and our loved ones sounds great, right? But having a single source of income may create a barrier between living your life to the fullest and taking care of your financial goals and needs in life.

A simple way to get the best of both worlds is to invest in a flexible regular guaranteed income plan. Guaranteed Income Plans like Edelweiss Tokio Life – Guaranteed Income STAR Plan can go a long way […]

Podcast: How to Earn Guaranteed Income in a Time of Heightened Volatility

Podcast: How to Earn Guaranteed Income in a Time of Heightened Volatility

Owing to high expenses and layers of fees, annuities have long been held in low regard, if not outright contempt, by many investors. However, attitudes appear to be softening.

Louisville, Ky.-based DPL Financial Partners, which specializes in the development and distribution of low-cost, commission-free insurance and annuity products, has sold nearly $1 billion in annuities since it was formed in 2018. Today, its insurance management platform serves more than 10,000 financial advisors from about 3,500 RIA firms.

In this podcast, founder and CEO David Lau contrasts the annuities of today to those of yesteryear and discusses: The case for annuities over […]