The UBI or Universal Basic Income is a boon to the economy of many American families who are struggling to make ends meet, as the administration stimulates the economies of these families by making payments on a monthly, seasonal, or annual basis, as well as once every 365 days.
The UBI or Universal Basic Income is a boon to the economy of many American families who are struggling to make ends meet, as the administration stimulates the economies of these families by making payments on a monthly, seasonal, or annual basis, as well as once every 365 days. (Photo: CBS News)
The Universal Basic Payment
For those accepted, monthly incomes ranging from hundreds of thousands of dollars are promised. Those who are eligible for universal basic income programs in their city or state are urged to apply. In most cases, the programs are run by the government, and participants are given a set amount of money for a predetermined period of time upon acceptance. Participants often have complete freedom to spend their money however they see fit, as per MARCA.
The pandemic has provided the idea of a new lease on life. Supporters say Americans urgently require some form of guaranteed income because the crisis has resulted in so much monetary loss and ambiguity and because federal stimulus packages have failed to meet the needs of millions. Despite this, assistance is still available at the local level in the following locations, according to The Sun:
Read Also: There Will Refund Delays This Tax Season, Experts Say
The UBI or Universal Basic Income is a boon to the economy of many American families who are struggling to make ends meet, as the administration stimulates the economies of these families by making payments on a monthly, seasonal, or annual basis, as well as once every 365 days. (Photo: Forbes)
6 Cities In California That Offers Financial Help
Compton
- The Compton Pledge Program.
- From December 2020 through December 2022.
- For two years $1,800 will be given every three months.
- Approximately 800 people participants.
Long Beach
- From autumn of 2021 until the autumn of 2022.
- For a year, $500 a month will be given.
- Approximately 500 people participants.
Los Angeles
- The Big Leap Program.
- From January of 2022 to January 2021 the program will be in effect.
- For a year, $1,000 a month will be given.
- Around 3,000 people participants.
Marin County
- From 2021 through 2023.
- For two years, $1,000 amount will be given.
- Participants are 125 low-income women with at least one child younger than the age of 18 at home.
Oakland
- The Oakland Resilient Families.
- From the summer of 2020 until now.
- For a year, $500 a month will be given.
- A total of 600 participants.
Sacramento
- Sacramento Direct Investment Program.
- From June 2021 to June 2022.
- For two years, $300 a month will be given.
- There will be 100 participants.
Read Related Article: $4,194 Social Security Benefit Available This Year, Find Out How To Get One
