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LA and 6 More Cities Giving Residents Free Money

LA and 6 More Cities Giving Residents Free Money
gobankingrates.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gobankingrates.com Daily Mail and Mail on Sunday newspapers.

Mayor Eric Garcetti Floats $1,000 Universal Basic Income, Making L A the 12th U S Location to Try

Mayor Eric Garcetti Floats $1,000 Universal Basic Income, Making L.A. the 12th U.S. Location to Try On 4/20/21 at 12:12 AM EDT Los Angeles Mayor Eric Garcetti has proposed giving a universal basic income of $1000 a month to 2,000 poor local families for one year. Similar proposals have been tried in at least 12 U.S. regions since 1968 and are also gaining interest among other U.S. mayors. Garcetti s proposal would allocate $24 million of the city s budget towards a program called BIG LEAP, an acronym for Basic Income Guaranteed: L.A. Economic Assistance Pilot. The program would give 2,000 families below the federal poverty line monthly $1,000 checks for 12 months. The families could then spend the money however they please.

Key findings from the first year of the Stockton study released | BIEN — Basic Income Earth Network

In February 2019, then-Stockton Mayor Michael D. Tubbs launched the Stockton Economic Empowerment Demonstration (‘SEED’), a 24-month guaranteed income initiative, the first mayor-led initiative of the sort in the US. Two years later, the preliminary results from the first twelve months of the experiment (through to February 2020, before the pandemic) have been released and the key findings are positive with the guaranteed income reducing income volatility, enabling access to full-time work, improving mental health and allowing better control over one’s time and decisions. Program design Under the SEED program, 125 Stockton residents were randomly selected to receive $500 per month for two years with no conditions attached to the handout and limited eligibility criteria namely: being at least 18 years old, being a Stockton resident and living in a neighbourhood at or below the median income ($46,003 in Stockton). A control group of 200 individuals meeting those same criteria w

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