$2,250,000 To Be Handed Out With No Restrictions As US City Launches Latest Guaranteed Income Experiment – Crypto News – Crypto News
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$2,250,000 To Be Handed Out With No Restrictions As US City Launches Latest Guaranteed Income Experiment $2,250,000 To Be Handed Out With No Restrictions As US City Launches Latest Guaranteed Income Experiment

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$2,250,000 To Be Handed Out With No Restrictions As US City Launches Latest Guaranteed Income Experiment – Crypto News

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1 year ago

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After three years of planning, a US city is reportedly a few months away from kicking off a family-focused guaranteed income program.

Pomona, California’s Flourishing Families is an 18-month, $2.25 million project that seeks to support young parents who are going through financial struggles, reports local news outlet the Daily Bulletin.

First proposed in 2021, the program is looking for parents between the ages of 18 and 25 with children below five years old. Flourishing Families will initially select a total of 600 families – 350 of them will be assigned to the control group and the remaining 250 will be designated to the test group.

Families in the test group will receive $500 per month for a year and a half. Those in the control group will receive stipends provided that they complete certain tasks designed to improve their overall well-being.

The organization has partnered with UCLA to process data and analyze the program’s effectiveness. Participants will be interviewed twelve months into the program and once more after the program ends.

Says Pomona Mayor Tim Sandoval,

“The most valuable investment we can make in our communities is in our children. When we invest in our children, we will have better outcomes.”

The program will be funded by the $4.5 million coronavirus aid awarded to the city in 2021.

Those interested will have to wait until May when the program rolls out its marketing and outreach efforts for enrollment.

Flouring Families is expected to start dishing out funds in July of this year.

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