Daily
One county in the United States is launching a guaranteed income pilot program that will hand out a total of $504,000 to low-income residents.
Two nonprofits – Berkshire Taconic Community Foundation (BTCF) and Greater Hudson Promise Neighborhood (GHPN) – have partnered to hand out $500 a month to single parents or caregivers of children aged six and younger who are living in New York’s Columbia County.
The two-year pilot program aims to increase the financial stability of 42 participants, two from each of Columbia County’s 21 towns.
Says BTCF,
“Research on guaranteed income consistently shows particularly strong outcomes for single mothers, who make up most single-caregiver households, and their children. When they receive direct, unconditional financial support, the benefits ripple outward: children are healthier, happier and more prepared for school and life in general.”
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