Inside the Nation’s Largest Guaranteed Income Experiment

From Abby Vesoulis, Abigail Abrams / TIME: A guaranteed income program is giving people the financial security to invest in themselves, avoid predatory loans, pay off debt, and improve their general quality of life. The lack of conditions on how the monthly cash payments should be utilized gives recipients the freedom to do what they need with the money.

Read the original story here.

Read more about universal basic income implementation.

Issue Areas:

Alternative Forms of Income, Poverty Reduction Measures, Universal Basic Income

Impact Areas:

Equity

Actors:

Government, Philanthropy and Social Impact Investors

Communities Served:

BIPOC Communities, Communities Experiencing Economic Hardship, Workers

Strategies:

Easing Economic Burdens for Individuals

Success Factors:

Addressing Underlying Issues, Attacking Root Causes, Eliminating Barriers, Empowering People, Meeting People Where They Are At, Providing Cash Instead Of Goods/Services

Geographic Region:

North America

Countries:

United States

Date:

September 16, 2021

More Resources:

How tax credits and social finance are building a healthy future for Nova Scotians

From Diane Berard / Future of Good: Novia Scotia, Canada, created community economic development investment funds with a 35% tax credit to investors to help small businesses that need capital but don’t qualify for bank loans. The cooperative FarmWorks brings...

Conversation with Kumi Naidoo

Kumi Naidoo is a prominent South African human rights and environmental justice activist. Naidoo spoke with Ashley Hopkinson on December 15, 2023. Click here to read the full conversation with insights highlighted. Ashley Hopkinson: Can you introduce yourself and tell...

Why Paid Sick Leave Is Good For Workers, Employers, and the Economy

From Peter Hull / NBC LX: Research shows workers who receive paid sick leave are more likely to stay home when sick, thus limiting the spread of illness. Read the original story here. Read more articles on health related to...

Conversation with Demond Drummer

Demond Drummer is the Director of Strategy at the Institute on Race, Power and Political Economy at the New School. A leading proponent of a Green New Deal, Demond has introduced bold new ideas and shifted public discourse, advocating for...

The Guaranteed Income Program That’s Helping Black Moms – and Trying to Change the World

From Candice Helfand-Rogers / The Story Exchange: In Jackson, Mississippi, the nonprofit-run Magnolia Mother’s Trust is a guaranteed income program providing a no-strings-attached monthly stipend of $1,000 to Black mothers living in affordable housing to help them combat poverty. Click...

Conversation with Kari Wolanksi

Kari Wolinsky is the acting director of the Center for Social Data Insights and Innovation at Statistics Canada. She previously worked at the Department of Finance designing Canada’s Quality of Life framework. Kari Wolanksi spoke with Ashley Hopkinson on March...