Tag: guaranteed income

Retirement Confidence Grows On Higher Wages

Retirement Confidence Grows On Higher Wages

People’s confidence in retirement saving is returning to pre-pandemic levels in part due to stronger wages, according to the Employee Benefits Research Institute’s 2024 Retirement Confidence Survey .

According to the institute’s annual report, 68% of workers and 74% of retirees are confident they will have enough money to live comfortably throughout retirement, a slight increase from last year, when the figures were 64% for workers and 73% for retirees.

A possible explanation for the upward trend is that workers and retirees showed increased confidence in their income. According to the U.S. Census Bureau, wage growth is outpacing inflation growth in […]

How no-strings-attached cash impacted San Antonio families

How no-strings-attached cash impacted San Antonio families

Illustration: Brendan Lynch/Axios A local guaranteed income pilot program wasn’t as impactful for people in poorer neighborhoods as it was for those in neighborhoods with higher incomes, a new evaluation shows.

Why it matters: San Antonio remains one of the most impoverished major cities in the country. Evaluations of programs aimed at changing that can help local officials decide how best to address poverty.

State of play: Proponents of universal basic income say it can help lift families out of poverty without as much red tape as traditional social safety nets. Critics contend it makes people dependent on the […]

Iowa Legislature bans funding for “guaranteed income” programs

Iowa Legislature bans funding for

Illustration: Aïda Amer/Axios Guaranteed income programs like one started in the Des Moines metro last year could face major funding hurdles under legislation awaiting the governor’s signature.

Why it matters: There’s disagreement about whether the programs are unnecessary tax dollar handouts or paths out of poverty for some families, Iowa Public Radio reports .

Catch up fast: UpLift — The Central Iowa Basic Income Pilot is a $2.5 million program led by The Harkin Institute, featuring public and private funding, that launched early last year. The program provides a $500 monthly stipend to 110 low-income families in Polk, Dallas […]

Food Insecurity A Growing Concern In Grey Bruce: Public Health

Food Insecurity A Growing Concern In Grey Bruce: Public Health

Grey Bruce Public Health received a report that shows a growing number of people in the region are experiencing food insecurity.

Health Promotion Team Manager Jason Weppler says that food insecurity can include people worrying about being able to afford food, running out of food before they are able to buy more, and eating less or skipping meals because they don’t have enough money. He explains that these experiences can be classified as being marginally, moderately, or severely food insecure.

He says that food insecurity can also lead to other issues, ranging from anxiety and depression to binge eating and other […]

Universal Basic Income: Debunking Myths

Universal Basic Income: Debunking Myths

Universal Basic Income: Debunking Myths

Sparsh Maheshwari

· Follow 5 min read·13 hours agoAmerica is often celebrated as the land of opportunity, where freedom and bravery define the national spirit. Yet, in pursuing these ideals, we must ask: How can people truly be free when they struggle to put food on the table? It’s challenging to summon bravery when the specter of homelessness looms overhead or when a single unexpected medical bill of $400 can plunge a family into poverty.[1] Within this context, I explore the concept of Universal Basic Income (UBI) and Unconditional Cash Transfers (UCT), […]

States that will pay stimulus checks in May | 2024 | MIX

States that will pay stimulus checks in May | 2024 | MIX

Stimulus checks continue in 2024 in the United States , with various states offering payments in the month of May. These payments range from pilot programs, tax refunds, and tax credits to financial relief that can exceed a thousand dollars. Here is a breakdown of the states that are currently issuing stimulus checks in May 2024:

**Alabama:**
The Alabama Department of Revenue has been issuing refunds to residents who filed their 2021 Individual Income Tax return. The amount of each refund varies based on the taxpayer’s filing status, with singles, heads of household, and married filing separately receiving $150, and […]

EBRI: Americans’ Retirement Confidence Shows Slight Improvements

EBRI: Americans’ Retirement Confidence Shows Slight Improvements

While workers’ and retirees’ confidence in achieving a financially comfortable retirement has not fully recovered from a significant drop seen in 2023, the Employee Benefits Research Institute found positive signs that confidence is recovering.

According to EBRI’s recent study, 2024 Retirement Confidence Survey , 68% of workers and 74% of retirees are confident they will have enough money to live comfortably throughout retirement. However, this is not a significant increase from last year, when the figures were 64% for workers and 73% for retirees.

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Most workers, retirees have retirement income confidence

Most workers, retirees have retirement income confidence

Despite a sharp decline in 2023, confidence among US workers and retirees regarding their retirement finances is showing signs of recovery, according to the latest findings from the 34th annual Retirement Confidence Survey.

The new survey by the Employee Benefit Research Institute and Greenwald Research polled 2,521 Americans, including 1,255 workers and 1,266 retirees.

“Overall, two-thirds of the workers and three-fourths of the retirees are very or somewhat confident about having enough money to live comfortably in retirement, which is unchanged from 2023,” Craig Copeland, director of Wealth Benefits Research at EBRI, said in a statement .According to EBRI’s research, the […]

Advocates call for tax breaks for single seniors as cost of living rises

Advocacy group recommended 5 tax breaks to finance committee members

Image | Malcolm Roberts

Caption: Malcolm Roberts looks over documents at his home in Kelowna, B.C., on Wednesday. His wife, Eleanor, died in 2021, changing his income and tax situation. (Brady Strachan/CBC)Some B.C. seniors who used to rely on a spouse or partner to afford the basics and now live alone say they cannot keep up with the rising cost of living."I don’t regard myself as poor," said Malcolm Roberts. "When you become a single senior and you lose all of those couples benefits, that does impact you a lot."Roberts, 76, […]

Is National Guaranteed Income on the Horizon?

Is National Guaranteed Income on the Horizon?

Business man hands handing money over a business dealing This story originally appeared in The Progressive on April 25th, 2024 .

There’s now strong evidence that giving direct cash support to low-income families greatly reduces poverty.

Here are some anecdotes from participants in a Georgia program designed to support Black women with low incomes: “I was able to pursue my passion for animals by enrolling in school to become a veterinarian. Without the extra funds from this program, I wouldn’t have been able to take this step.” “The month that we received our first payment, my daughter became ill, […]