Mar 26, 2021
Oakland to give low-income residents $500 a month, no strings attached
Posted by Brent Ellman in categories: economics, health
The mayor of Oakland, California, on Tuesday announced a privately funded program that will give low-income families of color in the city $500 per month with no rules on how they can spend it.
The program is the latest experiment with a “guaranteed income,” the idea that giving low-income individuals a regular, monthly stipend helps ease the stresses of poverty and results in better health and upward economic mobility.”
Alan DeRossett.
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