Can Stockton’s groundbreaking guaranteed income experiment help solve the affordability crisis?

Recordnet.com

The idea of guaranteed income programs has been around for decades, but it wasn’t until one of the country’s first guaranteed income programs launched in Stockton in 2019 that the idea began gaining traction across the U.S.

Led by then-Mayor Michael Tubbs, who launched a groundbreaking two-year experiment that gave $500 a month to 125 random residents with no restrictions on how to spend the money, the program was called the Stockton Economic Empowerment Demonstration, or SEED, it was funded philanthropically.

Tubbs also in June 2020 created the group Mayors for a Guaranteed Income, which combined with the success of Stockton’s SEED program helped spurred dozens of similar pilot programs across the country.

To read more, go here.