Tag: guaranteed income

Part-time Research Fellow

Description

(10-20 hrs./wk., 18 months, Doctoral candidate or Master’s degree) $20/hr.

Introduction The City of Atlanta and Mayors for Guaranteed Income (MGI) are excited to launch the call for two Income Mobility Program for Atlanta Community Transformation (I.M.P.A.C.T.) Research Fellows . I.M.P.A.C.T. is the City of Atlanta Mayors for a Guaranteed Income Program.The Urban League of Greater Atlanta has been selected as the program administrator of the I.M.P.A.C.T. program and will coordinate the talent search and nomination of the two Research Fellows. I.M.P.A.C.T. Program Overview and Objectives More than 50 years ago, Dr. Martin Luther King called for […]

Mayor Myrick says 110 Ithaca residents will receive $450 a month for a year in Guaranteed Income pilot

Mayor Myrick says 110 Ithaca residents will receive $450 a month for a year in Guaranteed Income pilot

Guaranteed Income or Universal Basic Income is the concept of providing funding to people to help with, or cover, basic necessities, with no expectation of labor or anything else in return. Mayor Svante Myrick announced Thursday afternoon that the City of Ithaca will participate in a pilot program that will pay $450 per month for a year to 110 caregivers who live in the City. “We’ve raised private funds to deliver this pilot,” the Mayor says.

The Mayor calls Guaranteed Income “this generation’s extension of the safety net, following in the path of things like Social Security, child-labor laws, weekends, […]

South San Francisco launches guaranteed income pilot program

South San Francisco launches guaranteed income pilot program

South San Francisco is the latest Bay Area city to launch a guaranteed income pilot program. (Shutterstock) By Jesse Bedayn

CalMatters

South San Francisco this month sent out the first $500 monthly checks to around 150 low-income families to spend however they see fit.South San Francisco is the latest Bay Area city to launch a guaranteed income pilot program – in which participants receive monthly cash payments with no strings attached – with $1 million in American Rescue Plan funds and a $100,000 grant from San Mateo County.“We’ve struggled as a society for years to deal with poverty […]

Providence starts issuing monthly guaranteed income payments

Providence starts issuing monthly guaranteed income payments

PROVIDENCE, R.I. (WPRI) — The 110 Providence residents selected for a guaranteed income pilot program have received their first payment, Mayor Jorge Elorza announced Wednesday.

The one-year program was announced back in July as a way to research the concept of providing monthly, no-strings-attached $500 checks to low-income families. Unlike other support programs such as food stamps that require money be spent on specific types of items, there are no restrictions on how the recipients can spend their guaranteed income payments.

The first checks went out two weeks ago, Elorza said, after the 110 recipients were randomly selected out of 4,000 […]

First payments in PVD Guaranteed Income Program already effecting positive change

First payments in PVD Guaranteed Income Program already effecting positive change

“It’s tough being a single mom, with two dependents, two young children under the age of 18,” said Ms. Perry, a recipient in the Providence Guaranteed Income Pilot Program ( PVDGI ). “Already, in the first month of the Pilot, my car broke down and I had to get the kids to school. I had to get to class and that money helped me to get a rental until the dealership could refund the money and then that money could go to groceries [and] winter coats.

“With this money I intend to get through this holiday season, gifts and Christmas […]

Providence’s guaranteed-income kicks off: Here’s the demographics of those selected

Providence's guaranteed-income kicks off: Here's the demographics of those selected

PROVIDENCE — The city’s guaranteed income program saw more than 4,000 applicants for 110 spots, the city announced Wednesday, giving a preliminary look at the depth of need within the city.

Two weeks ago, low-income participants who were chosen at random began receiving $500 monthly payments. To qualify, those chosen needed to be making no more than 200% of the federal poverty level.

Announcing the first batch of data, the city revealed that the median monthly income for participants prior to receiving the program’s financial assistance was $913, or about $11,000 per year. Overall, 76% of participants are female and 61% […]

To ensure that pension pots last, Britons must adopt a “change of mindset.”

To ensure that pension pots last, Britons must adopt a “change of mindset.”

To ensure that pension pots last, Britons must adopt a “change of mindset.”

It’s been suggested that retirees require a “change of approach,” which many people may be unable to comprehend.

Financial planning is more important than ever as people live longer lives, often well into their 90s.Pete Matthew, a financial expert, explained, “Retirement is a different lifestyle.”He spoke about practical steps people can take to prepare for retirement on The Meaningful Money podcast.People must plan for the unexpected by determining where their money will come from and how much it will cost.There are numerous factors to consider, including what will […]

$500 a month without strings: Bay Area’s latest guaranteed income program

$500 a month without strings: Bay Area’s latest guaranteed income program

South San Francisco this month sent out the first $500 monthly checks to around 150 low-income families to spend however they see fit. South San Francisco this month sent out the first $500 monthly checks to around 150 low-income families to spend however they see fit.

South San Francisco is the latest Bay Area city to launch a guaranteed income pilot program – in which participants receive monthly cash payments with no strings attached – with $1 million in American Rescue Plan funds and a $100,000 grant from San Mateo County.

“We’ve struggled as a society for years to deal with […]

$500 a month without strings: Bay Area’s latest guaranteed income program

$500 a month without strings: Bay Area’s latest guaranteed income program

Hundred dollar bills. Image via iStock Photo South San Francisco this month sent out the first $500 monthly checks to around 150 low-income families to spend however they see fit.

South San Francisco is the latest Bay Area city to launch a guaranteed income pilot program – in which participants receive monthly cash payments with no strings attached – with $1 million in American Rescue Plan funds and a $100,000 grant from San Mateo County.

“We’ve struggled as a society for years to deal with poverty and we don’t have enough success to show for it,” said Dave Pine, a San […]

There’s a New Way to Convert Your 401(k) into a Pension-like Stream of Income

There’s a New Way to Convert Your 401(k) into a Pension-like Stream of Income

Image shows a couple reviewing their retirement plan. Fidelity Investments plans to launch a new product next year that will allow individuals to shift a portion of their employer-sponsored retirement plan into an annuity. Creating reliable streams of retirement income is one of the most important elements of a person’s financial plan. A retirement industry giant says it now has a new way for retirees to meet this vital challenge.

Fidelity Investments plans to launch a new product next year that will allow individuals to shift a portion of their employer-sponsored retirement plan into an annuity . The offering, […]