Tag: guaranteed income

How much is universal basic income?

How much is universal basic income?

How much is universal basic income?

‘She was getting more money staying home’ A UBI providing every American adult $12,000 per year would cost the U.S. government more than $3.1 trillion per year — a sum equal to roughly 90% of all the money the federal government collected in revenue last year.Sep 16, 2021 Is a UBI a good idea?

UBI leads to positive job growth and lower school dropout rates. The guarantee of UBI protects people from sluggish wage growth, low wages, and the lack of job security caused by the effects of the growing gig economy such […]

California high school seniors experiencing homelessness could get $1,000 a month. Here’s how

California high school seniors experiencing homelessness could get $1,000 a month. Here’s how

If a new senate bill passes, California high school seniors experiencing homelessness could get $1,000 a month in guaranteed income to help with the transition into adulthood.

When Sen. Dave Cortese, D-San Jose, announced the idea of guaranteed basic income for college students in early 2022, he initially said the program might be targeted at students from families with the lowest incomes in the state at five colleges: Fresno State, Los Angeles, San Francisco State, CSU East Bay, and San Jose State. It would help bridge the gap between the actual cost of school and aid available to low-income students, […]

California high school seniors experiencing homelessness could get $1,000 a month. Here’s how

California high school seniors experiencing homelessness could get $1,000 a month. Here’s how

Andy Levine and Amber Crowell, co-directors of the Center for Community Voices at Fresno State, met at the El Dorado Park Community Garden to discuss a plan for guaranteed basic income program in Fresno. By Craig Kohlruss Andy Levine and Amber Crowell, co-directors of the Center for Community Voices at Fresno State, met at the El Dorado Park Community Garden to discuss a plan for guaranteed basic income program in Fresno. By Craig Kohlruss If a new senate bill passes, California high school seniors experiencing homelessness could get $1,000 a month in guaranteed income to help with the transition […]

BBC boss sets out plans for cheaper and “digital-first” future

BBC boss sets out plans for cheaper and “digital-first” future

BBC boss Tim Davie yesterday set out his plan to build a “digital-first” British Broadcasting Corporation. The grand plan – which will see the broadcaster increasingly prioritise its apps and websites over traditional linear broadcast channels – is partly about future-proofing the organisation in a world where consumers increasingly expect media and entertainment to be online and on-demand, and partly about saving money after the UK government announced a two-year licence fee freeze .

That decision to freeze the licence fee paid by TV-owning households across the UK means that – because of inflation – the BBC will actually see […]

California high school seniors experiencing homelessness could get $1,000 a month. Here’s how

California high school seniors experiencing homelessness could get $1,000 a month. Here’s how

Andy Levine and Amber Crowell, co-directors of the Center for Community Voices at Fresno State, met at the El Dorado Park Community Garden to discuss a plan for guaranteed basic income program in Fresno. By Craig Kohlruss Andy Levine and Amber Crowell, co-directors of the Center for Community Voices at Fresno State, met at the El Dorado Park Community Garden to discuss a plan for guaranteed basic income program in Fresno. By Craig Kohlruss If a new senate bill passes, California high school seniors experiencing homelessness could get $1,000 a month in guaranteed income to help with the transition […]

One legacy of COVID-19: More cash for Americans in need

One legacy of COVID-19: More cash for Americans in need

The financial upheaval caused by the COVID-19 pandemic for millions of Americans is spurring a rise in a form of charitable giving that has proved highly effective in helping people navigate calamity: Giving them money with no strings attached.

So-called guaranteed income programs have launched in 40 cities across the U.S. under which individuals and families living near the poverty threshold receive monthly stipends that they can spend however they want.

“The pandemic really showed people the existing economic arrangement was just not enough,” said Michael Tubbs, formerly the mayor of Stockton, California, and founder of Mayors for a Guaranteed Income. […]

CA Senate Green Lights Guaranteed Income Bill

FOR IMMEDIATE RELEASE
May 26, 2022
Contact: Juan Ramiro Sarmiento
(785) 760-6567 | JuanRamiro.Sarmiento@younginvincibles.org CA Senate Green Lights Guaranteed Income Bill
SB 1341 will provide Guaranteed Income to graduating high school seniors experiencing homelessness (Sacramento, CA) – Moments ago, the California State Senate passed Senator Dave Cortese’s (D – Silicon Valley) Senate Bill 1341 which would establish the California Success, Opportunity, and Academic Resilience (CalSOAR) program which would provide guaranteed income to 15,000 homeless graduating high school seniors. The bill passed a crucial hurdle and advanced through the Senate to now head to the General Assembly where Assemblymember […]

Guaranteed Income for Homeless Youth Bill Heads to Assembly

Guaranteed Income for Homeless Youth Bill Heads to Assembly

Senator Cortese’s (D-Silicon Valley) bill to provide guaranteed income payments to California’s unhoused youth has cleared a crucial hurdle today, advancing through the State Senate. The bill is now headed to the State Assembly.

Senate Bill 1341 would create the California Success, Opportunity, and Academic Resilience (CalSOAR) Guaranteed Income Program to provide guaranteed direct cash assistance to homeless youth in grade 12 – to combat what’s known as the “summer slump”, so that students can exit poverty and have access to a higher education.

According to Census Data (DataQuest), there were approximately 15,000 students experiencing homelessness who were enrolled in the […]

Lack of trust blocks pensioners benefiting from annuities

Lack of trust blocks pensioners benefiting from annuities

Lack of understanding and low levels of trust are among the reasons people don’t buy annuities in retirement, even when they could benefit, research has found. The introduction of pension freedoms in 2015 has seen the number of annuities purchased plummet from 353,000 in 2013 to just over 60,000 in 2020/21, according to a briefing note by research charity the Pensions Policy Institute (PPI).

Annuities are purchased with retirement savings and then provide fixed payouts for life.

People underestimating how long they will live and negative perceptions of annuities are further reasons behind why some retirees are reluctant to buy, the […]

PPI: The state of play in guaranteed income

PPI: The state of play in guaranteed income

More data is needed to understand how future pensioners could best use annuity products

Image: Claire Altman: Time to look again at the role annuities can play The Pensions Policy Institute (PPI) has published a briefing note exploring the current state of the UK annuity and guaranteed retirement income market.

The paper – Set for life? Guaranteed incomes in retirement – comes ahead of a major piece of research by the research body into when is the right time to annuitise, which is scheduled to be released in September.As well as examining the fall in annuity purchases since the […]