Tag: guaranteed income

Andrew Spira Supports Universal Basic Income During Economic Instability and Technological Changes

Andrew Spira Supports Universal Basic Income During Economic Instability and Technological Changes

Entertainment Andrew Spira , a prominent advocate for Universal Basic Income (UBI), has emerged as a critical figure in the ongoing debate surrounding economic inequality and the impact of automation on the workforce.

The global pandemic and rapid technological advancements have created significant financial challenges for countries worldwide. Amidst these challenges, Spira’s proposals have drawn considerable interest from policymakers, economists, and the general public.

Spira argues that implementing a UBI system, which would provide a guaranteed income to all citizens regardless of their employment status, could help alleviate the growing economic disparities and provide a safety net for those displaced by […]

Pre-Retirees Express More Interest in Annuities

Pre-Retirees Express More Interest in Annuities

John Carroll, MBA The retirement landscape has changed dramatically over the past 30 years. Today’s retirees and those that came before them are more likely than future retirees to be better situated to enjoy financial security throughout their retirement. Later generations will not necessarily be in the same position unless they develop a holistic plan that includes mitigating risks and creating a guaranteed income stream.

Looking at those close to retirement, LIMRA research finds just 45 percent of pre-retirees feel “very prepared” for retirement. A third (33 percent) are very worried about outliving their assets in retirement. While this is […]

Equitable, BlackRock product offers retirement security, predictable ‘paycheck’

Equitable, BlackRock product offers retirement security, predictable ‘paycheck’

Image of $100 bills with the "Predictable Paychecks" logo. New-retirement-product-offers-security,-predictable-paycheck. Life insurance and financial services company Equitable has announced LifePath Paycheck, a product created in a joint partnership with investment firm BlackRock. With the goal of providing additional security for retiring Americans, LifePath Paycheck offers “guaranteed income” via a targeted date fund.

When a participant enters retirement, they will receive a guaranteed amount of funds in a paycheck-like manner that is meant to provide a stable source of income. Automatically adjusted for a targeted retirement year, LifePath Paycheck is an alternative retirement plan meant to be more stable than a […]

Google to fund guaranteed income program that gives 225 families $1,000 a month

The "It All Adds Up" program will hand the no-strings-attached cash to families that have recently taken part in housing programs provided by non-profits, and are one to three months away from losing their housing subsidies. More than 200 San Francisco families likely facing homelessness will be part of a pilot program funded by Google that will guarantee them $1,000 a month to use in any way they wish.

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Under the new program, 225 families will be randomly selected to receive $1,000 monthly cash payments for a year, while another 225 families, who represent […]

Google is co-funding a guaranteed basic income trial that gives families $12,000 a year to help keep them housed

Google is co-funding a guaranteed basic income trial that gives families $12,000 a year to help keep them housed

A rainbow over San Francisco Bay. Google is co-funding a $2.8 million guaranteed income pilot in California’s Bay Area.

The program will give $12,000 over a year to 225 families to help them secure long-term housing.

Universal basic income programs have surged in popularity as a poverty-fighting tool. Alphabet -owned Google is co-funding a pilot program that will give $2.8 million to 450 California families on the verge of homelessness to test whether the cash helps them secure long-term housing.Google.org, the search giant’s philanthropic arm, will help provide 225 families with $1,000 a month in guaranteed basic income for […]

Comparing Retirement Income Solutions

Comparing Retirement Income Solutions

Advisers can get stumped when selecting the best type of guaranteed income solution for clients, but it can help to break down the offerings into two main categories: guaranteed withdrawal benefits and immediate annuities, according to Glenn Dial, senior retirement strategist at American Century Investments.

“There’s really only two major types of insurance categories,” Dial said on Thursday during a Broadridge Financial Solutions-hosted webinar, “How to Compare Retirement Income Solutions.”

Dial went on to break down the differences between GWB annuities and immediate annuities, with the key distinction being about how much control an owner has over the product as measured […]

Student Research Assistants – Real world experience in evidence-based poverty research and solutions

students and partners at the Debt Innovation Workshop 2024 The mission at Poverty Solutions is to partner with communities and policymakers to find new ways to prevent and alleviate poverty through action-based research. A key player in this work is University of Michigan students. Poverty Solutions research assistants (RAs) are a crucial part of the team and the work Poverty Solutions does. They work side-by-side with Poverty Solutions researchers on important projects like the Guaranteed Income to Grow Ann Arbor (GIG A2) pilot , Prosecutor Transparency Project , Flint Rx Kids , Detroit Financial Well-being Innovation Project , Investing […]

$6,000 California Stimulus Check Direct Payment: Check Eligibility, Application Process, etc

California has unveiled a significant new $6,000 stimulus check direct payment in Fresno, California, targeting eligible residents who meet specific criteria. In this post, we will explore the eligibility criteria, application process, and other details about the newly released initiative.

Through the Advance Fresno Guaranteed Income Program, selected individuals in Fresno will receive a monthly guaranteed income of $500 for one year, with disbursements expected in less than 20 days . The program, administered by the Advancing Fresno County Guaranteed Income Program, is designed to assist 150 households with young children.

California stands out as one of the few states continuing […]

The association between allostatic load and guaranteed annual income using the Canadian Longitudinal Study on Aging: A cross-sectional analysis of the benefits of guaranteed public pensions

Outline

> 1. Introduction

4. Discussion 5. Conclusion CRediT authorship contribution statement Declaration of competing interest Tables (3)> Table 1 Table 2 Table 3 , https://doi.org/10.1016/j.healthpol.2024.105054 Get rights and content Under a Creative Commons license open access Highlights • Universally, health is better among the wealthy and worse among the poor. • OAS guarantees an income floor of CAD$21,345.72 to every Canadian over 65. • Receiving OAS as highest income removes the health penalty of financial insecurity. • Guaranteed annual income may represent an effective and important […]

Mayor Brandon Johnson Re-Launches Guaranteed Income Advisory Group, Joins Mayors For A Guaranteed Income Coalition

Mayor Brandon Johnson Re-Launches Guaranteed Income Advisory Group, Joins Mayors For A Guaranteed Income Coalition

Mayor Brandon Johnson recently announced the launch of an advisory group of City of Chicago officials, Chicago City Council members, and community advocates to advise on his Chicago Empowerment Fund, a guaranteed income pilot using federal dollars through the American Recovery Plan Act. The advisory group will be tasked with providing guidance on the eligibility and outreach strategies for the guaranteed income pilot.

The release highlights the work of the Mayor’s Office policy team and is the second in a series of recaps of the first year leading up to the Johnson Administration’s May 15, 2024, anniversary.

“When I said I […]