Tag: guaranteed income

Is Social Security Ballooning the Federal Deficit?

Is Social Security Ballooning the Federal Deficit?

For better or worse, Social Security is a program that our nation’s senior citizens can’t live without. As of September, 43.4 million retired workers were receiving a monthly benefit and, according to data from the Social Security Administration (SSA), more than 3 out of 5 were leaning on this payout to account for at least half of their income. Put plainly, without the guaranteed income supplied by Social Security to eligible beneficiaries, we’d be looking at an elderly poverty crisis right now.

However, Social Security itself isn’t in the best shape . Beginning this year, and continuing for each subsequent […]

Could Ohio Sen. Sherrod Brown win back Trump country — and the White House — for Democrats?

Could Ohio Sen. Sherrod Brown win back Trump country — and the White House — for Democrats?

WASHINGTON — There has been a lot of buzz around Ohio Sen. Sherrod Brown since Election Day.

The unabashed progressive cruised to a third term in a state where Democrats are struggling to stay relevant — one that President Donald Trump carried strongly two years ago. And he did so on a night on which some other candidates popular with the party’s left fell short.

On Monday, Brown told Ohio reporters that he’s seriously weighing a run for president.“What I hope comes out of my election is a road map for Democrats,” Brown said in an interview. “You can win as […]

The First Guaranteed Basic Income Program Designed for Single Black Mo…

The First Guaranteed Basic Income Program Designed for Single Black Mo…

The First Guaranteed Basic Income Program Designed for Single Black Mo… | Latest – Truthout

Ebony, a single mother of three, works two jobs to make ends meet and takes in around $11,000 a year. In addition to a part-time job at a beauty supply chain, she works as a communication specialist at a Jackson, Mississippi, nonprofit, a temporary position that could end in December.

She’s hoping her employers will keep her on, and she’s doing all she can to inspire them, including showing up for work an hour early.“I want to make a good impression,” she says about showing […]

Pythian CEO Paul Vallée pushing Ontario government to restore basic income pilot

Pythian CEO Paul Vallée pushing Ontario government to restore basic income pilot

Pythian CEO Paul Vallée. File photo. The co-founder of one of Ottawa’s leading tech companies is calling on the Ontario government to save the province’s basic income pilot, arguing the plan deserves a chance to show whether it can pull low-income residents out of poverty.

Pythian CEO Paul Vallée, who penned an open letter to Premier Doug Ford and Social Services Minister Lisa MacLeod last month expressing his opinion, told OBJ some of the world’s top economists and business leaders support the push for a basic income.

Referring to Ontario’s pilot as a research experiment designed to see if a basic […]

Transfer values see biggest fluctuation in a year

Transfer values see biggest fluctuation in a year

By Venilia Amorim Pension transfer values have seen the biggest monthly change for more than a year.

According to the latest XPS Pensions Group transfer value index out this morning (8 November), transfer values rose to £235,000 at the end of October from the £230,000 measured at the end of September.

The difference between maximum and minimum readings of the index over the month of October was £8,600 (about 3.6 per cent).By comparison, values in August had moved merely 1.7 per cent, or £4,100 and for the duration of this year so far the index has fluctuated between £230,000 and £235,000, […]

SIEGEL: Consider UBI’s interaction with American cultural values

SIEGEL: Consider UBI’s interaction with American cultural values

The concern that many people will refrain from searching for employment with a subsidy is not unique to UBI — means-tested welfare programs present this moral hazard too. In his article in The New Yorker, Nathan Heller contextualizes the debate on universal basic income, framing it around the historical development of the idea of a guaranteed income for all. In examining the growing appeal associated with a disruption in the existing system because of shifting job opportunities, Heller acknowledges the danger of equating bipartisan support to similar factors of motivation on each side, as well as the economy’s role […]

The first guaranteed basic income program designed for single black moms

The first guaranteed basic income program designed for single black moms

Image Credit: Springboard to Opportunities Ebony, a single mother of three, works two jobs to make ends meet and takes in around $11,000 a year. In addition to a part-time job at a beauty supply chain, she works as a communication specialist at a Jackson, Mississippi, nonprofit, a temporary position that could end in December.

She’s hoping her employers will keep her on, and she’s doing all she can to inspire them, including showing up for work an hour early.

“I want to make a good impression,” she says about showing up to work early. “It would be great if [the […]

Record amount withdrawn from pensions

Record amount withdrawn from pensions

The pension freedoms have given people the chance to spend their pension savings as they see fit, rather than being funnelled into an annuity, as was often the case pre-freedoms. As a result, huge numbers of retirees have opted for income drawdown, which allows them to withdraw from their pot when they wish – and new figures show that these withdrawals have just hit record levels. Flexible payments

New data from HMRC shows that the number flexible pension withdrawals hit a new high between July and September this year, with a record 585,000 payments made to 258,000 people. […]

The First Guaranteed Basic Income Program Designed for Single Black Moms

The First Guaranteed Basic Income Program Designed for Single Black Moms

African American women have the highest poverty rate in the nation, and nearly two out of five African American female-headed households with children live in poverty. Photo by Tony Anderson/Getty Images Ebony, a single mother of three, works two jobs to make ends meet and takes in around $11,000 a year. In addition to a part-time job at a beauty supply chain, she works as a communication specialist at a Jackson, Mississippi, nonprofit, a temporary position that could end in December.

She’s hoping her employers will keep her on, and she’s doing all she can to inspire them, including showing […]

Basic Income gave recipients the chance to plan ahead

Basic Income gave recipients the chance to plan ahead

There’s certainly been a large amount of attention paid to the Province’s decision to end the Basic Income Pilot program early next year, rather than seeing the plan through fully to its original three-year time period. As one of three Ontario communities selected for the program, the City of Kawartha Lakes has hundreds of residents currently receiving the guaranteed income payments.

Community Care has observed that some clients who are Basic Income recipients have improved their health and lifestyles in many ways. They are eating better, are happier, and have been making fewer appointments to see health care specialists such as those at our Community Health Centre. These are all positive ways that the program was helping and saving the health care system in the long run.