Residents in 20 cities receiving $500 a month basic income…

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  • Residents in cities across the country are receiving $500 per month payments as part of a no-strings-attached experimental universal basic income program 
  • Universal Basic Income, popularized by former Democratic presidential candidate Andrew Yang, has gained more attention after the pandemic  
  • An Upstate New York a pilot program, funded by private donations, is providing 100 residents making less than $46,900 annually $500 a month for a year  
  • UBI advocates ultimately want the government paying a base salary to every citizen that would help to cover costs including food and rent
  • Critics of UBI programs worry about their effectiveness and cost compared to aid programs that target funds for food, shelter or for help raising children
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Residents in cities across the country are receiving $500 per month payments as part of a no-strings-attached experimental universal basic income program.

A version of the Universal Basic Income program, popularized by former Democratic presidential candidate Andrew Yang, has gained more attention after the pandemic idled millions of workers.

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Now places from Compton, California, to Richmond, Virginia, are trying out pilot guaranteed income programs as researchers hope the results give them a fuller picture of what happens when a range of people are sent payments that guarantee a basic living, AP reported.

www.dailymail.co.uk/news/article-9705819/It-lessens-bills-500-payments-tested-upstate-NY.html

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