Tag: guaranteed income

Other cities and counties have tried guaranteed income programs. Ken Paxton didn’t sue them.

Other cities and counties have tried guaranteed income programs. Ken Paxton didn’t sue them.

Ida Moore receives instructions from Harris County Public Health Outreach Program Manager Justin Rahman regarding Uplift Harris, a guaranteed income pilot program at the Sunnyside Multi-Service Center on Thursday, Feb. 01, 2024, in Houston. Moore retired from MD Anderson after 42 years and wanted to know more about the assistance program. (Annie Mulligan for Houston Landing) Getting your Trinity Audio player ready… Texas Attorney General Ken Paxton has sued to block Harris County’s guaranteed income pilot program but took no action against at least three other local governments — Austin, San Antonio and El Paso County – that have […]

Universal Basic Income urgently needed to kick-start SA economy — Social Policy Initiative

Universal Basic Income urgently needed to kick-start SA economy — Social Policy Initiative

Isobel Frye; executive director of SPI moderated; Dominic Brown from the Alternative Information and Development Centre; Nomahlubi Jakuja, head of research at SPI and Russell Wildeman from the United Nations Children’s Fund provided their inputs on Universal Basic Income. (Photos: Supplied) The Social Policy Initiative recently held a webinar discussing the implementation of a Universal Basic Income as part of a fiscal policy strategy. This article is free to read.

Sign up for free or sign in to continue reading.

Unlike our competitors, we don’t force you to pay to read the news but we do need your email […]

Interview with Joyce Palmer, Founder and President of JP Financial Group Discussing Guaranteed Income for Women In Retirement

Interview with Joyce Palmer, Founder and President of JP Financial Group Discussing Guaranteed Income for Women In Retirement

Joyce Palmer, the managing partner of JP Financial Group LLC, is a force to be reckoned with in the world of finance. With a dedicated focus on serving women, Joyce is committed to creating financial legacies and empowering women to take control of their financial futures. As a joint owner of JPFG Wealth Management LLC, she brings a wealth of knowledge and expertise to her clients. With over two decades of experience, Joyce understands the unique financial challenges and opportunities that women face. Her own life experiences have shaped her perspective, as she recognizes the impact of gender on […]

Ask an Advisor: My Advisor Wants Me to Put 50% of My Money in Annuities. Is That Too Much?

Financial advisor and columnist Brandon Renfro My advisor is recommending putting over 50% of my portfolio in annuities. What say you?

– Georgia

As with most personal finance decisions, a lot hinges on the specific details of your situation. Fifty percent would likely be on the high side for most people, but that doesn’t mean it can’t be the right amount for you. Some may even want or need a larger portion of their portfolio in an annuity . A financial advisor can help you determine how much of your portfolio should be allocated to different investments, including […]

More than half of people tapping pensions cash them out in full, new FCA figures reveal

More than half of people tapping pensions cash them out in full, new FCA figures reveal

More over-55s are tapping their pensions and over half are cashing them out entirely, new official figures reveal.

Nearly 740,000 pension funds were accessed in the 2022-23 financial year, up around 5 per cent from the year before, as people struggled to pay household bills in a period of rising inflation.

Some 56 per cent of pots are being cashed in full – the majority of them worth £10,000 or less, according to new data from the Financial Conduct Authority.Meanwhile 36 per cent were invested in a drawdown plan and 8 per cent were used to buy an annuity in the […]

Paxton sues over guaranteed income for poor — but allows corporate giveaways | Editorial

Paxton sues over guaranteed income for poor — but allows corporate giveaways | Editorial

Harris County Attorney Christian Menefee answers a question from the press during a press conference responding to Texas Attorney General Ken Paxton’s lawsuit challenging the Uplift Harris program, the guaranteed income program, Wednesday, April 10, 2024 at Harris County Administration Building in Houston. Harris County officials called the lawsuit by Paxton a targeted act. Let’s play a game. It’s called, “Which taxpayer-funded giveaway is ‘unconstitutional? ’” with your host, Texas Attorney General Ken Paxton.

Behind Door One is Samsung, the South Korean Big Tech behemoth. The company wanted to add nine facilities to its 1,260-acre site in Taylor, qualifying it […]

Women’s retirement outlook improving but headwinds persist: GSAM

Women’s retirement outlook improving but headwinds persist: GSAM

Women remain at risk of having insufficient retirement income due to additional pressures that they often face compared to men.

A new report from Goldman Sachs Asset Management reveals that women could end up with 24% less in retirement savings than they need, based purely on the cumulative impact of income disparities.

These disparities include decades-long income differences, greater caregiver responsibilities, insufficiency of part-time work, longer life expectancies, and lower benefits from Social Security.Almost three in ten retired women in the survey reported having less than $50,000 in retirement savings, with only 44% reporting more than $200,000. By contrast, 24% of […]

Guaranteed Income Gains Traction as Potential Solution to Widespread AI Job Displacement

Guaranteed Income Gains Traction as Potential Solution to Widespread AI Job Displacement

Millions in funding is being invested into artificial intelligence (AI) research and development from large tech giants, and the developers of these tools have entered 2024 with data suggesting rapid adoption rates .

Despite assurances from some researchers in the field , concerns over AI’s potential to displace millions of jobs globally continues to be a worry shared by many professionals.

Prior to departing for the 2024 World Economic Forum in Davos, Switzerland, International Monetary Fund (IMF) Chief Kristalina Georgieva stated in an interview with AFP that AI is expected to affect 60% of jobs in advanced economies, and around 40% […]

Editorial: Nothing uplifting about Ken Paxton’s latest Harris County lawsuit

Editorial: Nothing uplifting about Ken Paxton's latest Harris County lawsuit

Harris County Judge Lina Hidalgo shows the lawsuit filed by Texas Attorney General Ken Paxton challenging the Uplift Harris program last week. The timing of Paxton’s lawsuit is especially cruel just as the motivations are suspect.

Exactly when did Attorney General Ken Paxton feel moved to deny funds to the needy Harris County residents who were expecting to receive checks soon?

Of the many wrongdoings and injustices happening across Texas, why would the state’s chief law enforcement officer target a small program designed to uplift the most vulnerable Texans?On April 9, Paxton’s office filed a lawsuit challenging the […]

Silicon Valley Supports Guaranteed Income in Response to AI Job Displacement

Silicon Valley Supports Guaranteed Income in Response to AI Job Displacement

© Getty Images In the heart of America’s technology hub, Silicon Valley, where innovation and wealth proliferate, the concept of guaranteed income is gaining traction. This idea, once envisioned by Civil Rights leader Martin Luther King Jr., is re-emerging as a potential antidote to the economic displacement anticipated from the rapid advancement of artificial intelligence (AI). AI’s encroachment on jobs has prompted tech moguls like Elon Musk, Mark Zuckerberg, and Sam Altman to advocate for measures that could support those displaced by technological progress. EDITOR’S PICKS

Stocks Plunge as Inflation Fears Grip the Market: What’s Next?

2 days ago […]