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Americans Will Receive an Additional $500 Cash per Month for Another Six Months; Check to See If You Qualify.

Americans Will Receive an Additional $500 Cash per Month for Another Six Months; Check to See If You Qualify.
(Photo: https://nature.danube-region.eu/)
California’s Oakland Resilient Families pilot program for guaranteed basic income has begun in two stages. The second one took applications from October 20 through November 3 of that same year, while the first one opened in June of that same year. Each one signed up 300 individuals for an 18-month, $500 cash per participant-payment period.
Americans Will Receive an Additional $500 Cash per Month for Another Six Months; Check to See If You Qualify.

(Photo: https://nature.danube-region.eu/)

The Mercury News writes that 300 families will be able to receive the monthly payments for an additional six months thanks to an unidentified $1 million cash gift. Now, both will be paid, at least through June.

WHO CAN APPLY FOR CASH ASSISTANCE?

People of color were given precedence in Oakland Resilient Families’ initial phase. However, the second phase included all residents with modest incomes. For instance, income had to be at least 138 percent below the federal poverty line. The maximum income a family was permitted to earn for a four-person home was $36,570.

DOES IT GO ON AFTER THAT?

The future of Oakland Resilient Families, however, remains unclear after June. The program’s founder, Mayor Libby Schaaf, organized a drive that brought in $6.7 million in private donations. 80 percent of money was used to finance the additional 300 residents’ $500 monthly payments.

Although a second gift preserved the program, local charity UpTogether, which oversees the basic income pilot, warns that this may not be viable in the long run. The chief executive of the group that promotes the empowerment of low-income Americans, Jess Gerena, told The Mercury News that “there has to be a policy action from the government to help maintain the lifespan of this effort.” Oakland Resilient Families will currently finish in June.

Sheng Thao, who took office in January, is the city’s new mayor. The Mayor’s office was contacted by The U.S. Sun for comment.

MORE UBI

A comparable problem is also present in Durham, North Carolina, which will increase monthly payments to more than 100 residents by $500 cash. Executive director of the program Syretta Hill stated that the last monthly payment wouldn’t be due until February 15.

Although there is optimism that it will continue, more funding is required, and she does not believe it will be obtained by that time. A group of Ohio citizens living in Yellow Springs and Miami Township will additionally get $7,200 cash in installments spread out over a 24-month period.

The program is currently accepting applications for its initial cohort, but a second round will open up in the summer, an official told The U.S. Sun. Then, 15 more people are expected to move in.

Residents of Alexandria, Virginia, will soon get their first round of

$500 cash monthly checks through the ARISE initiative. Despite being unable to specify a specific date, the city said it is on pace to disburse the payments in February. The city stated that there are still a few unknowns.

As soon as we know the precise time of the first payment, we’ll let participants know. Shortly after, we’ll provide an update publicly. This month, payments for Chelsea Eats in Massachusetts are expected to range from cash $200 to $400. Low-income Chelsea residents must have submitted an online application by Friday, January 6, at noon in order to be eligible.

Tom Ambrosino, the city manager for Chelsea, told The U.S. Sun that the city is currently reviewing applications and plans to hold a lottery in the middle of February.

Conclusion

If the aforementioned sounds depressing, there is one small bright spot: 23% of Bankrate respondents said they would reduce non-essential expenditure, such as dining out and buying coffee from a coffee shop rather than making it at home, to cover a $500 or $1,000 emergency. This suggests that people’s finances are somewhat flexible.

Read More: Does America Have A Retirement Crisis? Here’s What To Do

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