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:

What Kenya can teach its neighbors — and the US — about improving the lives of the “unbanked”

From Kelsey Piper / Vox: Mobile banking in Kenya has increased economic mobility for families living in poverty. The mobile money system is not connected to bank accounts, making it accessible to the overwhelming majority of Kenyans who don’t have...

The Women Leading a Social Revolution in Syria’s Rojava

From Lucy Clarke-Billings / Newsweek: The Committee of Diplomacy of Kongreya Star is a women’s organization in Rojava Syria that aims to liberate women in the region by adding women into all sectors of local life including education, the economy,...

4-Day Workweek Boosted Workers’ Productivity By 40%, Microsoft Japan Says

From Bill Chappell / NPR: Microsoft Japan experimented with a 4-day work week over the summer. Employees enjoyed three-day weekends but received normal paychecks. The company reported a 40% boost in productivity. Read the original story here. Read more work-focused...

Emirates Global Aluminium seeks to enhance all-round sustainability

From Gulf Today: Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, is among the first corporations in the region to open sustainable corporate bank accounts, which ensure cash balances are used to finance or...

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. Find other articles about...

Conversation with Steve King

Steve King is the Executive Director of the Oakland Community Land Trust, a nonprofit organization dedicated to removing land, housing, and other community-serving real estate assets from the speculative market and stewarding them with, and for the permanent benefit of,...