Connect with us

Hi, what are you looking for?

Finance

Guaranteed Income Program To Be Given To Thousands of Families

Universal Basic Income
GIP Assists low-income in New York with basic expenses.

At least 17 States of the United States of America pay up to 1,000 to over 7,000 households as part of 35 separate guaranteed income programs.

Universal Basic Income

Universal Basic Income

Guaranteed Income Program

New York City – The program was intended to assist low-income moms in New York with basic expenses. The Bridge Project, New York City’s first-ever Guaranteed Income program, was launched by the Monarch Foundation in June 2021.

Furthermore, the project was founded on research from the Heckman Curve. This found that investing money in a child’s early development had significant long-term benefits such as academic success and overall health.

The program is one of the 17 that provides 7,000 families across the country with a guaranteed income of (dollar)25 million. In many circumstances, there are no limitations on how the funds can be used.

Also Read: 2022 Current Update On COLA Social Security

Eligible for Monthly Assistance

During these difficult times, eligible Americans should apply for Universal Basic Income programs in their area or state. The programs are normally run by the government, and accepted participants are given a set amount of money for a set amount of time. Hundreds of moms in Washington Heights, Harlem, and Inwood in New York City will be able to receive monthly $1,000 payments through The Bridge Project beginning in July 2021.

Other states such as Alaska, California, Georgia, Florida, Illinois, Indiana, Louisiana, and Massachusetts. Minnesota, Mississippi, New Mexico, New Jersey, North Carolina, Pennsylvania, Rhode Island, South Carolina, Virginia, and Washington are among the States represented.

Furthermore, Tubbs’ income program, the Stockton Economic Empowerment Demonstration, offered low-income residents hundreds of dollars per month. Also, this measured their job prospects, financial stability, and overall well-being afterward, has been hailed as a model for other cities that have followed in his footsteps. Participants improved in all of those parameters, according to SEED.

Its supporters argue that it aids in getting people back on their feet and those who oppose UBI programs claim that it makes it difficult for people to find work.

Related article: $4,194 New Cola Social Security Checks To Be Released This Week