Tag: guaranteed income

Forbes: Reverse mortgage could help calm ‘jittery nerves’ of retiree investors

Aditya Vyas As the stock market shows more regular signs of increased volatility due to ongoing concerns related to the COVID-19 pandemic and inflation, older Americans who are active in the market might find that a tool like a reverse mortgage could present some stability, and a potentially calming influence for those nerves in specific situations. This is according to Steve Vernon, president of Rest-of-Life Communications and former consulting research scholar in the financial security division at Stanford University’s Center on Longevity.

“For most retirees, there’s a good chance you’ll experience a few more stock market dips and crashes during […]

Earn a Guaranteed Income of £33,800 as a Live-in Carer

Bia’s Jewellery Designer Location: England

Together, let’s make a difference!

Earn £33,800 per year and receive salaried benefits as a live-in carerAs a live-in carer, you will play a vital part in the success of our business, and we want you to feel as important as you are. Here at Helping Hands, we are the first home care provider to introduce a brand-new guaranteed hours contract with all the benefits of a salaried employee.What are these benefits? Annual salary of Up to £33,800 Free food and accommodation 28 days paid annual leave Ongoing support from your local […]

Sacramento Mayor Proposes Guaranteed Basic Income for Artists

Sacramento Mayor Proposes Guaranteed Basic Income for Artists

Sacramento City Hall. (Photo: cityofsacramento.org) Sacramento Mayor Darrell Steinberg is proposing a Guaranteed Basic Income for Artists. Yes, the city is proposing providing government welfare payments to people who do not need it and are capable of supporting themselves.

Guaranteed income programs often drain funds from the most vulnerable who likely need the financial help. This government slush fund is what is causing so many able-bodied employees to opt out of work and stay at home.

The City announced on its website:“The City’s Office of Arts & Culture is seeking input from local artists and creatives on a potential Guaranteed Basic […]

What it would take for the government to cancel federal student loans

What it would take for the government to cancel federal student loans

The White House is exploring ways to forgive federal student loan debt.

Bloomberg Creative | Bloomberg Creative Photos | Getty Images

Under pressure from Democrats, advocates and borrowers, the White House is looking at actions it might be able to take to forgive federal student debt.The country’s outstanding federal student loan balance exceeds $1.7 trillion, eclipsing credit card and auto debt. Average debt for a bachelor’s degree recipient has tripled over the last three decades, to $30,000 today from less than $10,000 in the early ’90s. A quarter or more of borrowers are estimated to be in delinquency or default.There’s no […]

A new basic income pilot will give $500 a month to mixed-immigration-status families

For many Americans, benefits like expanded unemployment, stimulus checks, and child tax credits were crucial for staying afloat during the pandemic. But those benefits weren’t available to everyone: Undocumented and mixed immigration status families were often excluded from that assistance, or failed to receive the benefits even when they were eligible. Now, a new guaranteed basic income pilot and study in New Mexico will focus solely on those people often left out of traditional relief policies, giving 330 undocumented or mixed immigration status families $500 a month, no strings attached, for twelve months.

The pilot is a joint project between […]

2,700 Artists in New York State Will Benefit from New $125M Program

2,700 Artists in New York State Will Benefit from New $125M Program

Artists painting murals with NYC high school students as part of the City Artist Corps program (Courtesy Van Vorst Films) A new program spearheaded by the Andrew W. Mellon Foundation will provide guaranteed income and jobs for up to 2,700 artists living throughout New York State.

The $125 million initiative, Creatives Rebuild New York (CRNY), will issuemonthly, no-strings-attached payments to up to 2,400 artists with financial need over the next three years. The program will also fund the salaries of an additional 300 artists, who will be employed by dozens of partnering community-based organizations across the state, for two years. […]

DHS-GUARANTEED INCOME PILOT

Amends the Department of Human Services Act. Requires the Department of Human Services to establish and implement a 2-year Guaranteed Income for Women Pilot Program to provide guaranteed monthly income for women who reside in the cities of East St. Louis and Cahokia Heights. Provides that under the pilot program, 650 eligible women with income at or below the poverty line shall receive an $850 cash payment each month for the duration of the pilot program. Provides that there shall be no application process, instead the Department shall identify eligible individuals and invite such individuals to participate in the […]

California State Lawmaker Proposes Universal Basic Income Test Program for Poor College Students

California State Lawmaker Proposes Universal Basic Income Test Program for Poor College Students

A California state lawmaker wants the government to give $500 a month to impoverished college students as a test for a controversial kind of social program known as universal basic income (UBI).

Legislation that would create the program may be introduced later this month by Democrat Dave Cortese, a state senator who represents part of Silicon Valley.

The measure would “establish a UBI pilot program at 3-5 [California State University campuses],” according to a summary Cortese provided to reporters.The pilot program would cover about “9,500-14,000 eligible student participants,” and “the total cost for the proposal would range between $57 million and […]

Martin Luther King Jr. advocated for guaranteed income. Now experiments are taking place in his hometown and other cities around the country

Martin Luther King Jr. advocated for guaranteed income. Now experiments are taking place in his hometown and other cities around the country

Muhammad Yungai’s ‘We Shall Always March Ahead’ mural is displayed on the side of Privado Grooming Barbershop in Atlanta’s Vine City neighborhood.

Raymond Boyd | Michael Ochs Archives | Getty Images

Legendary civil rights activist Dr. Martin Luther King, Jr., grew up and preached in the Old Fourth Ward of Atlanta.Soon, that neighborhood will also be the site of a new guaranteed income experiment named in his honor.The program is slated to provide more than $13 million in transfers over the next two years to 650 Black women in that neighborhood and other suburban and rural areas of Georgia.Its name — […]

D.C. Memo: Running against no one

D.C. Memo: Running against no one

President Joe Biden speaking about the Special Forces operation in Northern Syria against ISIS leader Abu Ibrahim al-Hashemi al-Quraishi, from the Roosevelt Room of the White House. The D.C. Memo is a weekly recap of Washington political news, journalism, and opinion, delivered with an eye toward what matters for Minnesota. Sign up to get it in your inbox every Thursday. Hello and welcome back to the D.C. Memo. This week you can find me thinking about names. Particularly the new names of D.C. spaces and teams: The District is now home to the Bezos Auditorium at the Martin Luther […]