It’s more than just cash’: Young Seoulites navigate future with city’s youth allowance program

From Lee Suh-yoon / The Korea Times: The Youth Allowance Program in Seoul gives lower to middle-class residents (aged 19 to 34) a monthly stipend of 500,000 won ($418) for up to six months to ease the financial burden of only having part-time work (or no employment). This program allows youth to attend school, take training classes, and take time to find more suitable employment. This stipend has been noted to increase autonomy and choice and reduce the mental burden of not having full-time employment.

Read the original story here.

Issue Areas:

Universal Basic Income

Impact Areas:

Equity

Actors:

Government

Communities Served:

Communities Experiencing Economic Hardship, Youth and Young Adults

Strategies:

Easing Economic Burdens for Individuals, Universal Basic Income

Success Factors:

Eliminating Barriers, Meeting People Where They Are At, Overcoming the Big Challenges, Providing Cash Instead Of Goods/Services

Geographic Region:

Asia

Countries:

South Korea

Date:

May 22, 2019

More Resources:

Conversation with Mette Beckhof

Mette Beckhof co-leads the local chapter of The Economy for the Common Good in Cologne/Bonn, Germany, which advocates an alternative economic model – one that is beneficial to all stakeholders in an organization. Mette Beckhof spoke with Ashley Hopkinson on...

How cash transfer beneficiaries build wealth in Kwara

From The Nation: A guaranteed income program in Nigeria is helping recipients build businesses, expand existing ones, and build equity. Click here to read the original story. Read more original stories on income programs.

...

Pay-What-You-Can Farm Stands Feed Communities Against Tough Odds

From Gabriel Pietrorazio / Civil Eats: Farm stands operating on sliding-scale and pay-what-you-can models are improving access to fresh, healthy food in communities battling poverty and food insecurity. In these models, residents who can afford to pay full price are...

Conversation with Jonathon Freeman

Jonathon Freeman is a founding member of the Native Roots Network, an Indigenous community development organization that, most notably, has curated and organized Our Story: Native Art Exhibitions, advocated for Indigenous cultural revitalization, the protection of Indigenous lands and sacred...

Portland Youth Exercise Power through Participatory Budgeting

From Rebecca Jacobson / Reed Magazine: Through Youth Voice Youth Vote, nearly 800 young people in Portland took part in a participatory budgeting process to decide how to spend $500,000 in American Rescue Plan Act funding. The winning projects, including...

Conversation with Alana Boone

Alana Boone is a Social Policy Officer for the city of Brugge in Belgium, Europe. She works on a local level on policies promoting preventative health, long-term care policies, and age-friendly cities. Alana Boone spoke with Ashley Hopkinson on April...