100 families are receiving $300 no-strings payments: Sacremento

Sacremento Bee

In direct deposits to their bank accounts, prepaid debit cards and electronic gift cards, 100 families in Sacramento County have begun receiving $300 a month — no strings attached.

A first-of-its-kind initiative in the county that began in June, the Direct Investment Program in Sacramento, or DIPS, is the latest experiment in the world of guaranteed income designed to lift families out of financial instability.

Operated and funded by local nonprofit United Way California Capital Region, in partnership with Oakland-based nonprofit UpTogether, the program will provide monthly stipends over the next two years.

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