Tag: guaranteed income

Scottish Greens will move to Universal Basic Income

Scottish Greens will move to Universal Basic Income

UBI can be a key pillar of a more equal Scotland. More in Economy

May Day: Time to normalise a four day week

Child poverty is a source of deep collective shame Scottish Tory conference must open with an apology to Scotland Progressive taxation is a force for good, Scotland must go further The Scottish Greens would begin a series of groundbreaking Universal Basic Income pilots in communities across Scotland and the UK, says the party’s co-leader Lorna Slater. A Universal Basic Income is a mechanism that would provide everyone with a guaranteed income. It […]

Guaranteed income programs are working — they could use a boost

Guaranteed income programs are working — they could use a boost

We’re waiting for the Senate to act on enhanced federal Child Tax Credit

Columnist Renée Loth ( “In Somerville, guaranteed basic income provides a safety net,” Opinion, May 2) and reporter Esmy Jimenez ( “Guaranteed income boosts working class: Cambridge program shows benefit of popular vouchers,” Page A1, May 28) have written recently about two Massachusetts cities that are piloting programs to provide certain residents with monthly assistance. Studies have demonstrated that guaranteed basic income decreases poverty. The problem is that these supports are time-limited, and once they end, recipients return to being in or on the edge of […]

New Social Security benefit for seniors over age 72 – $1,800 Direct Payment

New Social Security benefit for seniors over age 72 – $1,800 Direct Payment

Joe Biden The federal government has announced a new one-time $1,800 Social Security benefit payment aimed at providing additional financial aid to seniors over 72 and those with disabilities. As inflation soars and economic uncertainty mounts worldwide, the U.S. is reviving the Social Security Fund to support vulnerable households. Eligibility

This fund offers an eagerly awaited $1,800 direct payment, primarily targeting those over 72 and individuals with disabilities. However, citizens must understand the eligibility criteria and application procedures, which frequently change with updates to economic assistance laws.

The key eligibility requirements include: Currently receiving Social Security benefits (disability, retirement, or […]

Invesco and Just Group launch retirement solution for advised clients

Invesco and Just Group launch retirement solution for advised clients

Asset manager Invesco and retirement specialist Just Group have launched a new retirement solution for advised clients.

It has been introduced to help meet the changing needs of those approaching or already at retirement.

The announcement comes in the wake of the FCA thematic review of retirement income advice and at a time when millions of savers are looking for new ways to invest their money and protect their income.Invesco said with people living longer than ever and in today’s challenging investment markets, there needs to be greater product innovation in retirement solutions.The partnership will bring together Invesco’s model portfolio service […]

Virginia Capital’s Guaranteed Income Pilot Program Showing Signs of Success

Virginia Capital’s Guaranteed Income Pilot Program Showing Signs of Success

Richmond, Virginia A study has yielded mostly positive results on the initial phase of Richmond, Virginia’s guaranteed income program.

The University of Pennsylvania Center for Guaranteed Income Research recently released a report on the city’s first cohort of participants in its pilot guaranteed income program.

The program targets employed low-income residents who no longer qualify for federal assistance but struggle to make ends meet.Though the program is ongoing, the study covered its first cohort: 18 working individuals with at least one child living at home making more than $12.71 per hour, the “full-time wage federal benefits threshold,” according to the Guaranteed […]

Chicago alderpeople scrutinize mayor’s plans to quickly spend COVID relief money

Chicago alderpeople scrutinize mayor’s plans to quickly spend COVID relief money

Mayor Brandon Johnson presides over a Chicago City Council meeting at City Hall, Tuesday, Nov. 7, 2023. Ashlee Rezin City Hall Politics Mayor Brandon Johnson was questioned on his long term plans for a guaranteed income program that relies on expiring federal funds.

The Chicago City Council scrutinized Monday Mayor Brandon Johnson’s plan to quickly budget hundreds of millions of federal COVID-19 relief dollars before a looming end-of-year deadline.

During a day-long hearing before the City Council’s Committee on Budget and Government Operations, Johnson’s top deputies and department commissioners gave a detailed look at how the city plans to spend […]

New Social Security benefit for seniors over age 72: $1,800 direct payment

New Social Security benefit for seniors over age 72: $1,800 direct payment

Social Security benefits Change in Social Security payments in October: The seniors who will see their benefits increase

Disability payment update: When will SSDI be sent in June?

When is the next July SSI payment due? Everything has changed for Social Security The federal government has announced a new Social Security benefit for seniors over 72 to provide additional financial aid for the most vulnerable population. As inflation and worldwide uncertainty about the overall economy keep rising, the US government is dedicated to reactivating the Social Security Fund. This fund is not new, but because it […]

Invesco announces strategic partnership with Just Group with the launch of a differentiated retirement solution

Invesco announces strategic partnership with Just Group with the launch of a differentiated retirement solution

Invesco today announced a strategic partnership with retirement specialist, Just Group, with the launch of a new retirement solution for advised clients to help meet the changing needs of those approaching or already at retirement.

The announcement comes in the wake of the FCA thematic review of retirement income advice and at a time when millions of savers are looking for new ways to invest their money and protect their income as they move into the retirement phase of their lives. With people living longer than ever and in today’s challenging investment markets, there needs to be greater product […]

Invesco launches retirement solution in strategic partnership with Just Group

Invesco launches retirement solution in strategic partnership with Just Group

Solution aims to meet the changing needs of those approaching or at retirement

03 June 2024 • 2 min read Share

Image: Kate Dwyer: Modern-day retirees need greater flexibility and options to ensure their savings are working as hard as possible for them Invesco has announced a strategic partnership with Just Group – launching a retirement solution for advised clients to help meet the changing needs of those approaching or already at retirement. The asset manager said its announcement comes in the wake of the Financial Conduct Authority’s (FCA’s) thematic review of retirement income advice and at a […]

U-B-AI: universal basic income and the future of work

U-B-AI: universal basic income and the future of work

A thoughtful-looking robot next to a blackboard replete with mathematical text. he rapid growth of artificial intelligence (AI), highlighted by OpenAI’s release of GPT-4o , has reignited discussions about universal basic income (UBI) – a policy where regular cash payments are made to all citizens without any conditions attached. As AI starts to perform jobs traditionally done by humans, experts predict significant job losses and economic disruptions. This shift has increased calls for UBI as a way to provide financial support and ease the transition to an AI-driven economy.

GPT-4o represents a significant upgrade , featuring enhanced speed, memory, […]