Pivoting Out of Poverty: the Economic Impact

Pivoting Out of Poverty: the Economic Impact

A 3 On Your Side Special Report gives an update on a guaranteed income program that started in Jackson

JACKSON, Miss. (WLBT) – It seems too good to be true, but a program that started in Mississippi – right here in Jackson – has now spread to other areas across the nation.

Magnolia Mother’s Trust gives African American mother’s living in poverty $1,000 dollars a month for a year with no strings attached and no taxpayer money. Magnolia Mother’s Trust has now helped over 320 African American moms break the cycle of poverty.(WLBT) 3 On Your Side first told […]

Major $248 million plan could lead to $500 and $1,000 in monthly payments to cover ‘basic necessities’ – who’s eligible

Major $248 million plan could lead to $500 and $1,000 in monthly payments to cover ‘basic necessities’ – who’s eligible

ACTION on a bill could lead to needy Americans getting up to $1,000 in monthly payments.

In New York , legislation 4578, introduced by state Senator Jessica Ramos would essentially establish a guaranteed income program for families. See if your income meets the requirements for the cash The move aims to help new parents welcome a new child to the world, as costs remain high.

"New Yorkers are unable to cover basic necessities and support their families, particularly in the face of rising interest rates and inflation ," she said her proposal.“Most notably, the cost of childcare – which already consumes […]

Online application opens for Palm Springs Universal Basic Income pilot program

Online application opens for Palm Springs Universal Basic Income pilot program

Palm Springs residents are now able to apply for the Palm Springs Universal Basic Income pilot program.

Queer Works and DAP Health’s UBI pilot program, funded by the city of Palm Springs, will provide 30 Palm Springs residents with a monthly cash payment of $800 for 18 months. The city is providing $500,000 for the program, according to Queer Works’ website.

The application can be found at https://v66gaifb115.typeform.com/to/pjTL7UZB The program will serve: Clients of DAP Health and/or Queer Works, or those who enrolled in one of the organizations by March 14 Those whose incomes are up to 30% of Riverside County’s […]

The People’s Pledge: Building Guaranteed Income as Communities’ Vision for Freedom in California

The People’s Pledge: Building Guaranteed Income as Communities’ Vision for Freedom in California

By: Nika Soon-Shiong, Founder and Executive Director, Fund for Guaranteed Income

Less than an hour’s drive from the pristine homes of Beverly Hills, the tree-lined campuses of UCLA, and the booming heart of the entertainment industry, Compton faces an economic crisis. Of its 100,000 residents, 19.5% are living at or below the federal poverty line, compared to 11.6% nationally.

In the absence of well-paying jobs, its residents – 30% of whom are Black and 68%, Latinx – are ever vulnerable to the willful neglect of our threadbare safety net. Many are unbanked, uninsured, and at the height of the pandemic, […]

EXPLAINER: Next steps for Black reparations in San Francisco

EXPLAINER: Next steps for Black reparations in San Francisco

A crowd listens to speakers at a reparations rally outside of City Hall in San Francisco, Tuesday, March 14, 2023. Supervisors in San Francisco are taking up a draft reparations proposal that includes a $5 million lump-sum payment for every eligible Black person.

AP Photo/Jeff Chiu

SAN FRANCISCO (AP) — San Francisco supervisors have backed the idea of paying reparations to Black people, but whether members will agree to lump-sum payments of $5 million to every eligible person or to any of the more than 100 other recommendations made by an advisory committee won’t be known until later this year.The idea […]

OAS Payments: How Much Will You Receive From Old Age Security

OAS Payments: How Much Will You Receive From Old Age Security

Old Age Security (OAS) is a government program in Canada that provides a basic income to eligible seniors who have reached the age of 65. It is one of the three main pillars of Canada’s retirement income system, along with the Canada Pension Plan and personal savings.

Eligibility for OAS is based on several factors, including age, residency, and income. To receive OAS payments, you must be 65 years of age or older and have lived in Canada for at least 10 years after the age of 18.

OAS is considered taxable income. As of Jan. 1, 2023, the OAS maximum […]

San Francisco Supervisors Discuss Reparations Proposals and That $5M Lump Sum Idea

San Francisco Supervisors Discuss Reparations Proposals and That $5M Lump Sum Idea

Today’s SF Board of Supervisors meeting was making national headlines before it had even begun, and that is because SF is poised to become the first major city to grapple with the idea of paying reparations for historical wrongs to Black residents.

We’ve had about two straight months of the national news media hemming and hawing about a draft reparations proposal by a San Francisco committee that, among other things, floated the idea of making $5 million lump-sum payments qualifying Black residents. Setting aside the inevitable mess of figuring out who would qualify for such a windfall and the fights […]

Where Did the Money Go?

Where Did the Money Go?

Most of the people in Madison’s guaranteed income program went shopping or went out to eat with their free 500 dollars-a-month.

The city started paying some families 500 dollars a-month in September. Yesterday, the city released a breakdown of where that money went. Nearly 60-percent was spent on shopping and/or food. About 20-percent of the money went to a car or other transportation needs, and about 10-percent went to paying bills or rent. Just over four percent of the money went for a vacation or entertainment. Madison Mayor Satya Rhodes Conway says she’s still waiting to see if the money […]

Madison’s guaranteed income pilot has initial findings, now halfway through

Madison’s guaranteed income pilot has initial findings, now halfway through

Last year, researchers partnered with the City of Madison to see what would happen if families got monthly payments of $500. Now, that pilot is halfway through.

MADISON, Wis. (WMTV) – Last year, researchers partnered with the City of Madison to find out what would happen if select families got monthly payments of $500. Now, that pilot is halfway through.

The Madison Forward Fund has paid 155 randomly chosen, low-income families since September 2022. The dollars are unconditional with no strings attached.The program released an interim report in January and showed, as pictured in the chart below, how basic income payments […]

The Price Effects of Universal Basic

University of Chicago

Income: Exploring the Alaska Case

Gabriel Broshy Public Policy Senior ThesisThis is the final version of the research paper.Please discard the version made available before June 29, 2022.2Table of Contents Abstract……………………………………………………………………………………………………………………………………………………2Intoduction……………………………………………………………………………………………………………………………………………..3Literature Review…………………………………………………………………………………………………………………………………5 Methodology……………………………………………………………………………………………………………………………………….16 Qualitative Results…………………………………………………………………………………………………………………………….19 Quantitative Results…………………………………………………………………………………………………………………………..21 Limitations……………………………………………………………………………………………………………………………………………26 Areas for Future Research………………………………………………………………………………………………………………..27 Policy Recommendations………………………………………………………………………………………………………………….28 Conclusion…………………………………………………………………………………………………………………………………………….30References……………………………………………………………………………………………………………………………….………….31AbstractUniversal basic income (UBI) has become a controversial proposal for alleviatingpoverty and increasing economic security. While many studies evaluate the effects of UBI,almost no research evaluates its macroeconomic effects, such as its impacts on prices. Inorder to assess how a UBI would truly impact its recipients’ purchasing power, I evaluatethe price effects of the […]