Los Angeles guaranteed basic income program gives residents $1000 each per month for three years.

Los Angeles: As per officials, the guaranteed basic income program for Los Angeles County is up and running, with 1,000 residents now receiving $1,000 each month for the following three years. From among the more than 180,000 applicants, the beneficiaries were picked at random. In order to combat poverty and income instability, the county Board of Supervisors decided to create the pilot program last year. Participants must be at least 18 years old, have an annual household income of no more than $96,000 for a family of four or $56,000 for an individual, and have suffered harm as a result of the COVID-19 epidemic.

Supervisor Sheila Kuehl stated, “It’s very evident that a guaranteed basic income is a concept whose time has come given the vast number of LA County citizens who applied.” “I have faith that we will observe what other pilots have already demonstrated: that a guaranteed basic income enables people to stabilize their lives and the lives of their families by providing them with a little financial breathing room.

“Three years from now, I feel confident that this LA County program will be seen as a foundation stone that led to expanded programs providing economic opportunity and stability to every eligible American household,” Kuehl continued. Los Angeles As per officials, the guaranteed basic income program for Los Angeles County is up and running, with 1,000 residents now receiving $1,000 each month for the following three years. From the 180,000 applicants, the beneficiaries were picked at random.

Supervisor Sheila Kuehl stated, “It’s very evident that a guaranteed basic income is a concept whose time has come given the vast number of LA County citizens who applied.” “I have faith that we will observe what other pilots have already demonstrated: that a guaranteed basic income enables people to stabilize their lives and the lives of their families by providing them with a little financial breathing room.

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