A group of residents in one US city will soon receive thousands of dollars from a new guaranteed income pilot program. Officials in the city of Salem, Massachusetts say they had to abruptly close registrations for Uplift Salem due to an “astounding” amount of demand. The program will distribute a total of $600,000 to people […]
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The sixth most populous city in the US is still accepting applications for a guaranteed income pilot program that was launched months ago. Philly Job Bank, a guaranteed income pilot program that was unveiled in Philadelphia in June, has 139 slots available, reports public radio station WHYY-FM. “Only 111 of 250 spots have been filled as […]
The post $2,502,000 in Cash To Be Handed Out – No Strings Attached – in US City’s Guaranteed Income Program: Report appeared first on The Daily Hodl.
A massive fund designed to help families save money for college is largely untapped, according to a new report. California’s taxpayer-funded program CalKIDS has allocated hundreds of millions of dollars in college savings funds that are untouched and available, reports the ABC-affiliated news station KXTV. The fund offers at least $175 to Californians born after July […]
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One of the most populated counties in the US is launching a guaranteed income pilot program aimed at helping families in need. Known as the Family First Economic Support Pilot, Sacramento County’s Department of Child, Family and Adult Services (DCFAS) says $1.74 million will be disbursed to chosen applicants over the course of a year. […]
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The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 civil penalty, and to comply with certain undertakings,” the regulator noted. SEC Charges […]
JPMorgan Chase CEO Jamie Dimon says he supports changes to the tax code that would give working Americans and their families more relief from the IRS. In a new interview with PBS NewsHour, Dimon says the Earned Income Tax Credits (EITC) should be expanded and apply to all low and mid-income workers, regardless of whether […]
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A new guaranteed income program is preparing to hand millions of dollars to a select group of families in Colorado. Boulder County says it’s launching a direct cash assistance program known as Nurturing Futures to help families with young children. The guaranteed income program, which will be managed by the Boulder County Department of Human […]
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A guaranteed income program on the West Coast is preparing to hand out millions of dollars to support at-risk youth. Los Angeles County’s guaranteed income program Breathe is expanding, set to hand out around $18 million with no strings attached to people transitioning out of the foster care system. The program is gearing up to […]
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A new universal basic income (UBI) experiment funded by tech billionaire Sam Altman has found people who receive free money generally tend to work less. In a study titled “The Employment Effects of Guaranteed Income: Experimental Evidence From Two U.S. States,” researchers gave 1,000 low-income individuals $1,000 per month unconditionally for three years. Participants mostly […]
The post Sam Altman-Funded Universal Basic Income Experiment Finds Recipients of Free Money Opt Out of Work – Here’s Why appeared first on The Daily Hodl.
A program giving direct, no strings attached payments to families that are struggling to make ends meet is about to spread in the state of Michigan. Originally launched in Flint, the Rx Kids program is now expected to expand to five counties in the eastern Upper Peninsula after the approval of $20 million in state […]
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