Tag: guaranteed income

Guaranteed income returned to Pierce County this week. Why free money deserves a shot | Opinion

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Opinion GRIT 2.0 – a 12-month guaranteed income pilot project funded by the state Legislature – launched this week. Local participants will receive $500 a month for a year, no strings attached. Mike Groll Associated Press file, 2012 One of the few things Americans seem to agree on these days is the need for government to ground public policy in facts, objective analysis and data. The same holds true in Tacoma and Pierce County.The […]

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Research has shown basic income programs can boost employment and health. But GOP lawmakers are increasingly pushing back on the concept of giving cash directly to people with low incomes, Kevin Hardy reports.Check out today’s featured story to see where the debate over basic income programs is likely to intensify. Did you miss Stateline Weekly? Subscribe to our weekly newsletter for a recap of recent Stateline stories delivered […]

Other cities and counties have tried guaranteed income programs. Ken Paxton didn’t sue them.

Other cities and counties have tried guaranteed income programs. Ken Paxton didn’t sue them.

Texas Attorney General Ken Paxton has sued to block Harris County’s guaranteed income pilot program but took no action against at least three other local governments — Austin, San Antonio and El Paso County – that have or are operating similar initiatives.

The guaranteed income program known as Uplift Harris would award a $500 monthly stipend to more than 1,900 low-income households in hopes of providing a financial cushion that can help close the wealth gap. It is being funded through $20.5 million from the federal American Rescue Plan Act.

Paxton is arguing that Harris County’s program violates the Texas […]

Other cities and counties have tried guaranteed income programs. Ken Paxton didn’t sue them.

Other cities and counties have tried guaranteed income programs. Ken Paxton didn’t sue them.

Ida Moore receives instructions from Harris County Public Health Outreach Program Manager Justin Rahman regarding Uplift Harris, a guaranteed income pilot program at the Sunnyside Multi-Service Center on Thursday, Feb. 01, 2024, in Houston. Moore retired from MD Anderson after 42 years and wanted to know more about the assistance program. (Annie Mulligan for Houston Landing) Getting your Trinity Audio player ready… Texas Attorney General Ken Paxton has sued to block Harris County’s guaranteed income pilot program but took no action against at least three other local governments — Austin, San Antonio and El Paso County – that have […]

Universal Basic Income urgently needed to kick-start SA economy — Social Policy Initiative

Universal Basic Income urgently needed to kick-start SA economy — Social Policy Initiative

Isobel Frye; executive director of SPI moderated; Dominic Brown from the Alternative Information and Development Centre; Nomahlubi Jakuja, head of research at SPI and Russell Wildeman from the United Nations Children’s Fund provided their inputs on Universal Basic Income. (Photos: Supplied) The Social Policy Initiative recently held a webinar discussing the implementation of a Universal Basic Income as part of a fiscal policy strategy. This article is free to read.

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Interview with Joyce Palmer, Founder and President of JP Financial Group Discussing Guaranteed Income for Women In Retirement

Interview with Joyce Palmer, Founder and President of JP Financial Group Discussing Guaranteed Income for Women In Retirement

Joyce Palmer, the managing partner of JP Financial Group LLC, is a force to be reckoned with in the world of finance. With a dedicated focus on serving women, Joyce is committed to creating financial legacies and empowering women to take control of their financial futures. As a joint owner of JPFG Wealth Management LLC, she brings a wealth of knowledge and expertise to her clients. With over two decades of experience, Joyce understands the unique financial challenges and opportunities that women face. Her own life experiences have shaped her perspective, as she recognizes the impact of gender on […]

Ask an Advisor: My Advisor Wants Me to Put 50% of My Money in Annuities. Is That Too Much?

Financial advisor and columnist Brandon Renfro My advisor is recommending putting over 50% of my portfolio in annuities. What say you?

– Georgia

As with most personal finance decisions, a lot hinges on the specific details of your situation. Fifty percent would likely be on the high side for most people, but that doesn’t mean it can’t be the right amount for you. Some may even want or need a larger portion of their portfolio in an annuity . A financial advisor can help you determine how much of your portfolio should be allocated to different investments, including […]

More than half of people tapping pensions cash them out in full, new FCA figures reveal

More than half of people tapping pensions cash them out in full, new FCA figures reveal

More over-55s are tapping their pensions and over half are cashing them out entirely, new official figures reveal.

Nearly 740,000 pension funds were accessed in the 2022-23 financial year, up around 5 per cent from the year before, as people struggled to pay household bills in a period of rising inflation.

Some 56 per cent of pots are being cashed in full – the majority of them worth £10,000 or less, according to new data from the Financial Conduct Authority.Meanwhile 36 per cent were invested in a drawdown plan and 8 per cent were used to buy an annuity in the […]

Paxton sues over guaranteed income for poor — but allows corporate giveaways | Editorial

Paxton sues over guaranteed income for poor — but allows corporate giveaways | Editorial

Harris County Attorney Christian Menefee answers a question from the press during a press conference responding to Texas Attorney General Ken Paxton’s lawsuit challenging the Uplift Harris program, the guaranteed income program, Wednesday, April 10, 2024 at Harris County Administration Building in Houston. Harris County officials called the lawsuit by Paxton a targeted act. Let’s play a game. It’s called, “Which taxpayer-funded giveaway is ‘unconstitutional? ’” with your host, Texas Attorney General Ken Paxton.

Behind Door One is Samsung, the South Korean Big Tech behemoth. The company wanted to add nine facilities to its 1,260-acre site in Taylor, qualifying it […]

Women’s retirement outlook improving but headwinds persist: GSAM

Women’s retirement outlook improving but headwinds persist: GSAM

Women remain at risk of having insufficient retirement income due to additional pressures that they often face compared to men.

A new report from Goldman Sachs Asset Management reveals that women could end up with 24% less in retirement savings than they need, based purely on the cumulative impact of income disparities.

These disparities include decades-long income differences, greater caregiver responsibilities, insufficiency of part-time work, longer life expectancies, and lower benefits from Social Security.Almost three in ten retired women in the survey reported having less than $50,000 in retirement savings, with only 44% reporting more than $200,000. By contrast, 24% of […]