Tag: guaranteed income

Universal Basic Income: What Everyone Needs to Know

Matt Zwolinski and Miranda Perry Fleischer’s Universal Basic Income lives up to its subtitle, What Everyone Needs to Know —or nearly. In 66 short chapters, the book provides a trove of easy‐​to‐​read information on the different proposals for a universal basic income (UBI), how they would work, how they compare to the welfare state’s current programs, and the arguments for and against.

A professor of philosophy at the University of San Diego, Zwolinski was the creator of the “Bleeding Heart Libertarians” blog, active from 2011 to 2020. Fleischer, also a libertarian, is professor of finance at the university’s School of […]

2 St. Louis residents are suing the city’s basic income program in an attempt to halt what they call ‘unconstitutional’ $500 monthly payments to low-income families

2 St. Louis residents are suing the city's basic income program in an attempt to halt what they call 'unconstitutional' $500 monthly payments to low-income families

Two St. Louis residents are suing to halt the city’s guaranteed basic income program. Two St. Louis residents filed a lawsuit to halt the city’s guaranteed basic income pilot.

The program provides 540 low-income families $500 monthly to help them afford housing and food.

The lawsuit alleges that it’s "unconstitutional" for St. Louis to use public money on basic income. As St. Louis continues its guaranteed basic income pilot , two residents are suing to cut the program’s funding. The lawsuit alleges that the city’s plan to give low-income families $500 a month is unconstitutional in the state […]

The Murky Nature of Our Political Divides

The Murky Nature of Our Political Divides

Gallup recently published data showing that Americans have become more liberal on social issues, and to a lesser extent on economic issues, over the last 20 years. However, that does not mean there is now a majority or even a plurality of the nation aligned on how we should handle major policy issues.

What it does mean is that instead of the back-and-forth stalemate of national politics, governance should be pushed down to local communities as often as possible, where the common ground of sharing a community can often outweigh tribal politics.

The new Gallup data shows that Americans are now […]

Micruity Closes $5.0M in Strategic Funding

Press Release

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Building the pension plan of the future by expanding support for accumulation annuities and non-guaranteed income productsSAN MATEO, Calif.–(BUSINESS WIRE)–June 25, 2024–Micruity, Inc. ("Micruity" or "the Company") announced today that it closed $5.0M in funding to expand support for accumulation annuities and non-guaranteed income products on the Micruity platform.The round includes new funding from strategic investors Prudential, State Street Global Advisors, and TIAA Ventures, as well as additional investments from current partners Pacific Life and Western & Southern Financial Group. In total Micruity has […]

Universal Basic Income – Does it Work?

Universal Basic Income – Does it Work?

By Jan-Henri van den Berg

For as long as we have been trading with one another, people have had financial troubles. Especially if you are a student, chances are high you have experienced some difficulty in making ends meet. Luckily, most Western countries have institutions that can offer temporary relief if need be. In most cases this relief comes in the form of a loan, or at least requires the person in need to meet certain criteria. However, in recent times, influential thinkers have proposed a radical change to this notion: […]

Micruity raises $5 million

Micruity, a financial technology infrastructure company, has raised $5 million in funding from Prudential, State Street Global Advisors, TIAA Ventures, Pacific Life, and Western & Southern Financial Group, bringing its total funding to $11 million.

Founded in 2017, Micruity simplifies access to annuities and other guaranteed retirement income products. The Micruity platform connects recordkeepers, life insurers, and asset managers through a single connection, “significantly reducing the administrative burden” of managing multiple products across several plans while delivering targeted savings and income solutions.

The Canadian company will use the funding to expand support for accumulation annuities and non-guaranteed income products.“The new funding […]

Retirees That Annuitize Income Spend Twice as Much as Retirees With an Equal Amount of Non-Annuitized Savings

Retirees That Annuitize Income Spend Twice as Much as Retirees With an Equal Amount of Non-Annuitized Savings

– In Guaranteed Income: A License to Spend, Retirement Income Institute Fellows David Blanchett and Michael Finke examine how Americans achieve their lifestyle goals in retirement through annuitized income –

WASHINGTON, June 25, 2024 /PRNewswire/ — Retirees with assets that annuitize income spend twice as much as retirees with an equal amount of non-annuitized savings, according to a new analysis by the Alliance for Lifetime Income’s Retirement Income Institute (RII).

In their newly released study, Guaranteed Income: A License to Spend , RII Fellows David Blanchett and Michael Finke examine how Americans are far more likely to achieve their lifestyle […]

Micruity Closes $5.0M in Strategic Funding

Building the pension plan of the future by expanding support for accumulation annuities and non-guaranteed income products

SAN MATEO, Calif.–( BUSINESS WIRE )–Micruity, Inc. (“Micruity” or “the Company”) announced today that it closed $5.0M in funding to expand support for accumulation annuities and non-guaranteed income products on the Micruity platform.

The round includes new funding from strategic investors Prudential, State Street Global Advisors, and TIAA Ventures, as well as additional investments from current partners Pacific Life and Western & Southern Financial Group. In total Micruity has raised over $11M from strategic partners in the retirement industry.“The new funding enables Micruity to […]

Guaranteed income ‘most important’ to savers for retirement

Almost half (40 per cent) of people said guaranteed income was most important to them when they thought about retirement, according to research from Hargreaves Lansdown.

The survey, which looked at what people want from retirement, found that almost a quarter (22 per cent) of people said that income that rises in line with inflation was important to them.

Flexibility was less important, as fewer than one in five said it was important to them.However, this increased in importance the more people earned, as quarter of additional rate taxpayers said flexibility was important to them compared to 18 per cent of […]

Our view: Should Oregonians get a guaranteed income?

Our view: Should Oregonians get a guaranteed income?

Arguments for a universal basic income come from the right and the left. Elon Musk has spoken favorably about it. Some union leaders have pushed for it. And Oregon may have a form of universal basic income on the ballot in November.

We aren’t going to take a stand on the possible ballot measure. It would basically tax corporations and send money to every Oregon resident, roughly $750 a year.

What is this idea?A universal income means paying people benefits with few or no conditions attached. Most benefits to keep people fed, healthy or housed come with conditions, often on how […]