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

Residents in cities across the country are receiving $500 per month payments as part of a no-strings-attached experimental universal basic income program.

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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.

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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