Tag: guaranteed income

The basic income myth: cash discourages work

The basic income myth: cash discourages work

Taniquewa Brewster is training to be a doula. The mom of five knows both how joyful and overwhelming a baby can be, and she wants to improve birth outcomes for pregnant Texans.

While earning her doula certificate, Brewster is working full-time as an assistant property manager at an income-based housing unit. The 39-year-old said she earned the position after being promoted from her role as a leasing agent, a change she said was only possible because of guaranteed basic income.

She had previously been patching together low-paying part-time work to get by.“I was working as hard as I could, working […]

Guaranteed Income Strategies for Retirement

Guaranteed Income Strategies for Retirement

Those entering their golden years often get a nasty surprise: They don’t have enough money to live like they did in their working years . Even retirees with the best intentions fail to prioritize guaranteed income, which can lead to cash shortages.

If that sounds like you, you’re not alone. According to a study by the Morningstar Center for Retirement & Policy Studies , 45% of Americans who quit working at age 65 will run out of money in retirement. Demographically, 55% of single women will fall victim to cash shortages in retirement, as will 41% of couples and 40% […]

$3,000,000 To Be Handed Out With No Strings Attached as US Nonprofit Powers Guaranteed Income Program for Artists

$3,000,000 To Be Handed Out With No Strings Attached as US Nonprofit Powers Guaranteed Income Program for Artists

A US nonprofit says it’s preparing to hand out $3 million to people struggling to make ends meet.

The Springboard for the Arts nonprofit says it is extending Minnesota’s Guaranteed Income for Artists pilot program to a period of five years.

Participants in the program will be drawn from two counties in the North Star State and will receive no-strings-attached monthly payments of $500 for the five-year period. “This addition will bring the total to 100 participants, evenly split between St. Paul and Otter Tail County, cementing its position as the only guaranteed income program in the nation to include rural […]

SASSA Universal Basic Income Grant Approved? Expected Eligibility, Amount and Impact

SASSA Universal Basic Income Grant Approved? Expected Eligibility, Amount and Impact

As South Africa approaches the year 2025, a significant shift in social welfare is on the horizon. The South African Social Security Agency (SASSA) has been a cornerstone in supporting the country’s most vulnerable citizens. Now, with the potential introduction of Universal Basic Income (UBI), SASSA is poised to expand its role even further. This article provides an in-depth look at the expected grants, amounts, eligibility, payment dates, and other crucial details about the SASSA Universal Basic Income 2024-25. Introduction to SASSA and Universal Basic Income

For years, SASSA has been instrumental in providing financial assistance to those in […]

World Basic Income

worldbasicincome.org Public r/BasicIncome The director of Sam Altman’s basic-income study says one of the most interesting results was an increased interest in starting a business

businessinsider upvotes · comments

r/BasicIncome Pope Francis says “without love, we are nothing” and Calls for a Universal Basic Income at World Meeting of Popular Movements catholicnewsworld upvotes · comments r/BasicIncome Pope repeats call for Universal Basic Income indcatholicnews upvotes · comment r/BasicIncome Oregon voters to decide on ballot measure to give every resident $1,600 that has sparked massive opposition fundraising oregonlive upvotes · comments r/BasicIncome […]

Ken Paxton sues again to block Harris County’s latest guaranteed income program

Ken Paxton sues again to block Harris County’s latest guaranteed income program

Ken Paxton sues again to block Harris County’s latest guaranteed income program Ken Paxton sues again to block Harris County’s latest guaranteed income program By Taylor Goldenstein, Jen Rice

See original post here.

Texas Attorney General Ken Paxton is again suing Harris County over its guaranteed income initiative , alleging that the latest version of the program still violates the Texas Constitution despite modifications officials made to pass muster.“The Texas Constitution expressly prohibits giving away public funds to benefit individuals — a common sense protection to prevent cronyism and ensure that public funds benefit all citizens,” Paxton, a third-term Republican, […]

Sacramento County Guaranteed Income Program: $725 Per Month Coming In July

Sacramento County Guaranteed Income Program: $725 Per Month Coming In July

( MENAFN – ValueWalk) Some California residents will soon start getting a monthly guaranteed income. Specifically, the guaranteed income program is for residents of Sacramento County. The Sacramento County guaranteed income program will give eligible residents $725 per month for a year.

Sacramento County guaranteed income program: what is it?

Last month, the Sacramento County Board of Supervisors unanimously approved the guaranteed income program, called the Family First Sacramento pilot program. The program aims to help low-income Black and Native American families.The Sacramento County guaranteed income program, which will launch in July, will provide $725 per month to eligible African American […]

An opportunity to rethink India’s pension system Premium

‘The UPS, if properly restructured, could become an important tool in protecting the financial security of retirees’ | Photo Credit: Getty Images/iStockphoto The pension system in India has undergone a significant transformation over the years with three major schemes, the Old Pension Scheme (OPS), New Pension Scheme (NPS), and the proposed Unified Pension Scheme (UPS) , marking the different phases of government policy. Each scheme impacts retirees in different ways, with the OPS often being viewed as a more secure system compared to the NPS, which ties retirement funds to volatile market conditions. As the world witnesses a retreat […]

Invesco: The Invesco & Just Retirement Solution is now live

Invesco: The Invesco & Just Retirement Solution is now live

Invesco, one of the world’s leading asset managers, and Just Group, a dedicated retirement specialist, today announce that their new innovative Retirement Solution, designed to meet the evolving needs of today’s retirees, is now live and available to investors. Following the strategic partnership announced in June, Invesco and Just Group have been working with investment platforms and risk-rating agencies on bringing this proposition to market. Today the solution is risk-rated by Dynamic Planner and is available to advisers via the 7IM platform, with further platforms coming soon.

Traditional retirement products have long lacked the flexibility needed to address the […]

Universal basic income pros and cons —according to experts

Universal basic income pros and cons —according to experts

Universal basic income is a growing part of America’s policy conversations, as lawmakers and economists look for ways to reduce poverty.

Popular among many Silicon Valley tech leaders and economic policy experts, the model offers participants recurring cash payments, no strings attached. They can spend the money however they choose.

Basic income has been piloted over 100 times across America, and even more around the world. Advocates say that the cash — which could give all households an income floor — could be a key to reducing wealth inequality and strengthening the social safety net .“What we’re doing is betting […]