As millions of people continue to feel the financial fallout of the coronavirus pandemic, two of the country’s biggest cities are committing millions of dollars to help struggling families.
Los Angeles and Chicago are rolling out guaranteed basic income pilot programs that will provide monthly payments to low-income residents for one year. Los Angeles’ program, dubbed BIG:LEAP, will give 3,200 people $1,000 a month, and Chicago’s initiative will provide 5,000 residents $500 a month.
Recipients will be picked at random.Applications for Los Angeles’ initiative closed Friday; Chicago is still hammering details for its program. Both are set to launch next year. […]
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