Can Guaranteed Income Prevent Gentrification?

From Oscar Perry Abello / NextCity: In Louisville, community organizers are betting that a guaranteed income program will reduce community violence in disinvested neighborhoods – and protect against displacement of residents.

Read the original story here.

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Issue Areas:

Community Wealth Building, Inclusive Growth, Poverty Reduction Measures

Impact Areas:

Creating New Economic Paradigms, Equity

Actors:

Government, Nonprofit / NGO, Philanthropy and Social Impact Investors

Communities Served:

BIPOC Communities

Strategies:

Changing Narratives, Easing Economic Burdens for Individuals, Reallocating Government / Public Financing

Success Factors:

Attacking Root Causes, Empowering People, Expanding Access, Help Rather Than Punishment, Providing Cash Instead Of Goods/Services

Geographic Region:

North America

Countries:

United States

Date:

May 30, 2023

More Resources:

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...

How does a 4-day work week work in Singapore?

From Bruce Lim and Ronald Goh / Yahoo News: Businesses in Singapore are experimenting with 4-day work weeks, showing benefits for employees and employers. Read the original story here. Read other articles about employee-focused wellbeing initiatives.

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