Web Analytics Made Easy - Statcounter
Friday, Dec 09, 2022 - 00:20:17
31 results - (0.000 seconds)

basic income pilot:

latest news at page 1:
1
    MOUNTAIN VIEW — As the Bay Area’s high prices continue to put pressure on the region’s poorest, Mountain View is setting up a new guaranteed basic income pilot program promising to give $500 to 166 low-income families for two years, no questions asked. Applications for the city’s new guaranteed basic income pilot program officially launches Friday and runs through midnight on Sept. 25. Elevate MV program is set to aid 166 extremely low-income Mountain View families with at least one child or who are currently pregnant by giving them direct cash payments of $500 a month for 24 months, or about $6,000 in total through the course of the program. “With inflation exacerbating financial hardship, our Elevate MV guaranteed basic income pilot program will provide desperately needed relief for many extremely low-income families in our community,” said Mayor Lucas Ramirez. “Through the two-year-long pilot, we aim to empower these families by improving their financial security through monthly direct cash payments of $500. Breaking the cycle of poverty isn’t simple, and that’s why Mountain View is on the forefront of trying innovative...
    The deadline for residents of the city of Evanston, Illinois, to apply for a $500-a-month basic income pilot program is Monday. The pilot program is set to begin shortly after the Aug. 29 application deadline, and the payments will last for a full year under the program. 150 participants will be selected through a random lottery system of people who applied for the program. SOCIAL SECURITY PAYMENTS: FIRST HALF OF $1,682 THIS MONTH TO BE SENT IN JUST FOUR DAYS Individuals who are eligible to apply include residents of Evanston who are 18-24 years old, over 62 years old, or an "undocumented community member." In order to qualify, applicants must also live in a household that makes below or at 250% of the poverty line. For a one-person household, 250% of the poverty line is $33,975, and for a two-person household, 250% of the poverty line is $45,775, according to city officials. “This guaranteed income program will do so much more than offer $500 per month to 150 residents: it will reimagine, humanize, and strengthen...
    Residents in the city of Evanston, Illinois, have nine days to apply for a basic income pilot program, which will give participants $500 a month for a year. The program will begin shortly after the Aug. 29 deadline for applications, and the 150 participants will be selected through a lottery system. SOCIAL SECURITY PAYMENTS: FIRST HALF OF $1,652 DIRECT PAYMENT TO BE SENT IN JUST 14 DAYS “This guaranteed income program will do so much more than offer $500 per month to 150 residents: it will reimagine, humanize, and strengthen the social safety net; it will also reshape the relationship between people and their government. In our work to advocate for direct cash payments, we have found the City of Evanston eager to move toward progressive policy solutions that meet families’ material needs without over-burdening them," said Harish Patel, director of the group Economic Security for Illinois. To qualify, applicants must be either 18-24 years old, over 62 years old, or an "undocumented community member." Applicants must also live in a household that makes below...
    The Mid-Iowa Health Foundation's new basic income pilot program, coming to the Des Moines, Iowa, area this fall, could give Iowans up to $500 monthly. The group said it will follow other models from various cities for its Central Iowa Basic Income Pilot Project, according to a statement on its website. HERE ARE THE US CITIES AND STATES TESTING UNIVERSAL BASIC INCOME PLANS "The pilot project will provide 110 low-income individuals with $500 each month for two years," the group said. "These payments will provide individuals with greater stability by helping them meet their basic living needs, thus reducing adversity within families and moving people from surviving to thriving in our community." The group said it will begin recruiting people in November, with the first payments being delivered in February 2023. Participants in the program will be recruited from Dallas, Polk, and Warren counties in Iowa. The group added that more details will be released in the fall, noting on its website the project will include "local, public, and private funders, research institutions, and nonprofit...
    MOUNTAIN VIEW (BCN) — Mountain View’s City Council this week approved more than $1 million in funding for the city’s new guaranteed basic income pilot program. The funding for the Elevate MV program approved by the council Tuesday will help provide $500 per month for 12 to 24 months for more than 160 families participating in the pilot. READ MORE: New CDC Recommended Measures Ease Up on Mask Wearing for the HealthyApplications will be accepted for the program starting in May or June and families will be randomly chosen after city officials verify they qualify. The program is meant for families with at least one child under 18 years old and income no more than 30 percent of the area median income. READ MORE: Former Peterson Juror Richelle Nice Did Not Consider Herself 'A Crime Victim'“Mountain View is taking bold steps to address income inequality and pervasive poverty through Elevate MV,” Mayor Lucas Ramirez said in a statement. “The city’s guaranteed basic income pilot program will show us what a monthly cash payment of $500 to qualifying families can do...
    THE idea of universal basic income (UBI) has been gaining momentum across the US. Over 30 states and cities have already started pilot programs and Mountain View, California is now joining the herd. 1Mountain View is giving $500 per month to 166 people over the course of one yearCredit: Getty The Mountain View City Council approved a pilot program this week called Elevate MV. It will give $500 every month to 166 people over the course of one year - that's $6,000 for a year. Elevate MV is set to cost an estimated $1million and it will be funded through the American Rescue Plan Act of 2021 (ARPA). The council also authorized an additional $580,500 from the city's general non-operating fund. This is to pay for additional unfunded parts of the pilot project, including research and implementation contracts. The program has the possibility to be extended to two years if it finds additional funding. Most read in MoneyCHECK PLEASE New $1,000 monthly payments coming in ONE day as $600 boosts could be sentFREE MONEY Applications for $1,000...
    Rep. Pete Stauber (R-MN) is introducing legislation designed to block states and localities from using federal coronavirus relief funds for basic income programs, which disincentives work, he announced on Wednesday. The bill, the Stop Disincentivizing Work Act, specifically prohibits certain federal funding from being used for “certain cash assistance programs” — namely, basic income programs such as the pilot program recently introduced in Minneapolis. Specifically, funding authorized by The Coronavirus Preparedness and Response Supplemental Appropriations Act, The Families First Coronavirus Response Act, The CARES Act, The Consolidated Appropriations Act, and The American Rescue Plan Act of 2021 would be prohibited from being used for such programs, guaranteeing basic income. “I have heard firsthand accounts from countless small businesses owners who are struggling to find workers to fill their job openings. This massive labor shortage was a preventable problem caused by policies that disincentivized work,” Stauber said in a statement. “Federal dollars cannot be going towards programs that will only exacerbate this problem. It is far past time we fully reopen our economy and get people back to work. I will not sit by as Democrats...
    LOS ANGELES (CBSLA) — The Los Angeles City Council on Tuesday has approved what will be the largest guaranteed basic income pilot program in the country to date. At Tuesday’s meeting, the LA City Council unanimously voted to expand the city’s initial $6 million investment in the BIG:LEAP, which stands for Basic Income Guaranteed: Los Angeles Economic Assistance Pilot, to nearly $40 million, making it the largest such program in the nation. READ MORE: News Conference Wednesday In ‘Rust’ Shooting Death Of Halyna HutchinsCity Councilman Curren Price, who proposed the program, called it a “life-changing initiative.” The program promises to benefit as many as 3,000 Angelenos with $1,000 in direct cash payments to families every month for a year. The no-strings-attached payments will be given to families who have been hit hard by the pandemic and are living in poverty. More than a quarter of the participants will be residents in Price’s District 9, which has the highest percentage of people living in poverty at 12.3%, according to a June report exploring the possibility of the program. READ MORE: MLB...
                      by Cole Lauterbach  One thousand lucky Phoenix families will get $1,000 in taxpayer funding a month in 2022. The Phoenix City Council has approved $12 million for a “Financial Assistance for Phoenix Families Program,” a lottery-based form of universal basic income that will begin in January 2022 if not sooner. The program, which has yet to be finalized, will send approximately 1,000 families a monthly stipend of $1,000 for all of 2022. According to a city document, the funds would be limited toward “basic household necessities” such as housing, childcare, food and other staples. The city would load money onto a debit card that wouldn’t allow the purchase of a list of forbidden items like alcohol and tobacco. All low-income families making up to 80% of the area median income – a sliding scale that would be just over $63,000 for a family of four – would be eligible. A representative of the city said in the Tuesday session that anyone on public assistance, in public housing, or receiving public...
    CHICAGO (WLS) -- When she presented her budget, Chicago Mayor Lori Lightfoot proposed a program that would give $500 a month to 5,000 low-income households for one year.The city said it would help those who were hit hard by the pandemic and are in need of additional economic stability.A similar program is already happening in Gary.SEE MORE: Gary launches guaranteed income program experiment for 1 yearThe city's mayor, Jerome Prince, has said this pilot program is about compassion and expanding the safety net for 125 residents who were selected to take part."GIVE", The Guaranteed Income Validation Effort, is facilitating that program.Our Chicago Part 1EMBED More News Videos And while some people might think an additional $500 a month wouldn't have a big impact, those taking part in Gary's pilot program disagree. Executive Director Burgess Peoples said there's a mix of people taking part, "seniors, singles, individuals with babies, without babies, those that are working but are making below or at the minimum wage or below the minimum wage, and of course, we have some retired individuals on here."They must be...
    By: KDKA-TV News Staff PITTSBURGH (KDKA) – Pittsburgh City Council passed a guaranteed basic income pilot that will give 200 people $500 a month. READ MORE: Pittsburgh Public Schools, Teachers Union Finalize Employee COVID-19 Vaccine Requirement Pittsburgh Mayor Bill Peduto said the Assured Cash Experiment passed 7-1 Wednesday. Passed 7-1. https://t.co/q1j2Cdjvm4 — bill peduto (@billpeduto) September 8, 2021 READ MORE: Some Franklin Regional Parents Protest Statewide School Mask Mandate Half of the pilot’s participants will be Black women in response to the inequities uncovered in the Gender Equity Commission’s 2019 report. The Mayor’s Office says Black women in Pittsburgh are five times as likely as white men to live in poverty and twice as likely as white women. The city will use relief funds from the American Rescue Plan to fund part of the program through OnePGH, a nonprofit organization supported by public and private investment. MORE NEWS: Fourth Stimulus Check: Will You Get Another Relief Payment? Jon Delano will have more on this story on KDKA Evening News.
    Tomi Lahren slammed government handouts Wednesday on "The Story," saying "You don’t just get free money, there is always a catch." TOMI LAHREN: Small business owners have had it hard enough in the last year and a half. The problem is that some Americans have become addicted to government. The government is using your taxpayer dollars as I said to incentivize laziness. Here’s what they did. They created a problem with government. They shut down businesses and they deemed who and what was essential for several months. And then, when people weren’t able to go to work, which they wanted to desperately do, then they started sending government checks paid for by you, the American taxpayer. Some Americans realized hey, this isn’t so bad. I can sit on the couch and collect a check. There’s always a catch to that. You don’t just get free money, no matter what AOC and Bernie and the rest tell you-there is always a catch. This is how socialism starts and the American people need to understand, this might seem great now but it’s a slippery slope. … What this really is a pilot program for socialism. The government pushing you further into dependence. And I tell people this all the time- You can be free or dependent...
    YOU may be sent $500 payments per month as part of the experimental universal basic income program. The pilot programme received more attention during the pandemic as millions of workers were idled. 3Participants in the programme receive $500 per monthCredit: Getty Now places from Compton, California, to Richmond, Virginia, are trying out guaranteed income programs, as researchers hope to get a fuller picture of what happens when a range of people are sent payments that guarantee a basic living, AP reported. The pilot program which is funded by private donations, sees 100 county residents making less than $46,900 annually getting a boost of $500 a month for a year. The income threshold was based on 80% of the county’s average median income, meaning it includes both the poor and a slice of the middle class — people who face financial stress but might not ordinarily qualify for government aid based on income. One of the participants, Annette Steele, a special education school aide, is getting her payments through a program in Ulster County, which covers parts of the Catskill...
    Democratic Minnesota Rep. Ilhan Omar said Wednesday she will introduce a bill to implement universal basic income (UBI) at some point in Congress. “This Congress, I’ll be introducing a UBI pilot program to get money in people’s pockets,” Omar tweeted. The congresswoman was responding to a story from the Minnesota Star Tribune about Minneapolis Mayor Jacob Frey’s new UBI pilot plan. This is long overdue. Next step: Implementing UBI nationwide. This Congress, I’ll be introducing a UBI pilot program to get money in people’s pockets. https://t.co/HU3KBQx6Sz — Rep. Ilhan Omar (@Ilhan) June 9, 2021 Frey plans to give about 200 low-income families $500 a month for a span of two years using leftover funds from President Joe Biden’s American Rescue Plan, according to Fox News. “This is long overdue,” Omar said. “Next step: Implementing UBI nationwide.” Both the Biden administration and former President Donald Trump sent direct stimulus payments to the American people in response to the economic harm wrought by the COVID-19 pandemic. Some have called for longer-term UBI programs as a permanent solution for economic instability. UBI...
    LOS ANGELES (CNS) -- The Los Angeles County Board of Supervisors voted 4-1 Tuesday to approve proposals for a pilot guaranteed income program, one of which calls for $1,000 per month to be paid to 1,000 residents for at least three years.Supervisor Kathryn Barger was the dissenting vote, expressing concerns about lack of research into the plans and the potential for fraud.Supervisors Holly Mitchell and Sheila Kuehl co-authored a motion declaring that poverty and economic opportunity are public health issues and calling for a broad strategic plan to address a growing wealth gap."As we endeavor to create a more resilient economy ... we must explore guaranteed income and other measures of poverty alleviation as permanent county policy, not just as an emergency measure,'' the motion read in part. "The coronavirus crisis has heightened and made more vivid what was already clear to many: The inequities in our economy have been a matter of life and death for many of our most vulnerable county residents.''Pointing to racial discrimination as the cause of higher unemployment rates and limited access to good housing,...
    Los Angeles County is set to consider a proposal that would create a universal income pilot program and give up to 1,000 residents $1,000 per month for three years. The county’s supervisory board will vote on the proposal Tuesday, which establishes a “poverty alleviation policy agenda” and seeks to give direct payments to some residents living at or below the poverty line. The COVID-19 pandemic worsened inequality, and the safety net structure does not adequately address poverty in the county, said Supervisors Holly Mitchell and Sheila Kuehl in their motion. OAKLAND TO PAY LOW-INCOME BLACK AND INDIGENOUS FAMILIES $500 A MONTH “The coronavirus crisis has heightened and made more vivid what was already clear to many: the inequities in our economy have been a matter of life and death for many of our most vulnerable county residents,” according to the motion. “Prior to the COVID-19 epidemic, the safety net failed to address the structural issues that have been keeping many children and their families trapped in poverty.” Mitchell and Kuehl pointed to other California cities...
    DENVER (CBS4) – “People go through a lot of stuff in life. Not everybody’s life’s perfect,” said Michael Evans as he picked up food at a distribution kitchen in Five Points. Now holding down a part-time job in a warehouse, Evans is still homeless. READ MORE: Suspect Arrested After Pursuit Involving Stolen Vehicle Along US 36 (credit: CBS) “Sometimes it takes a while to overcome and that I don’t even know if I’m ever going to do it,” he said about his situation. “A large percentage of America is unable to handle a $400 emergency. People are living on the edge and that stress can be debilitating,” said entrepreneur Mark Donovan. “And some basic cash can make all the difference.” Donovan has been a success in a Bali, Indonesia-based sweater business for over 30 years. He also made a tidy sum in investment in Tesla. Looking for a way to put his money into something that aligned with his values, he started giving a dozen people hurting people a thousand dollars a month in 2020. He saw great results, like an...
    A group of 43 Democratic mayors from across the country is backing plans to provide certain low-income residents with a universal basic income. Called Mayors for a Guaranteed Income (MGI), the group argues that “economic security isn’t a new challenge or a partisan issue.” The way to end or reduce poverty, they argue, is to guarantee a certain level of income to low-income residents with no strings attached. Called the new, “New Deal moment,” the MGI argue that providing certain residents with direct, recurring cash payments “lifts all of our communities, building a resilient, just America.” About 40% of the participating mayors are located in the Northeast, with the greatest number, 7, located in California. The majority of mayors are men; roughly two-thirds of the mayors are black or Hispanic. The Stockton Economic Empowerment Demonstration (SEED) is the country’s first mayor-led guaranteed income project. It is fully philanthropically funded and receives no taxpayer dollars. It initiated its pilot program in February 2019, first giving 125 residents $500 per month over an 18-month period. Researchers from the University of Tennessee-Knoxville College...
    LOS ANGELES—Eric Garcetti, the Democrat mayor of Los Angeles, outlined the city’s budget that takes effect on July 1 and includes $24 million earmarked for a Guaranteed Basic Income pilot program that will provide 2,000 low-income families with $1,000 a month for the year. Fox 11 reported that Garcetti called the program the largest in the country and said the families will receive the funds, "no questions asked." "We’re betting that one small but steady investment for Angeleno households will pay large dividends for health and stability across our city and light a fire across our nation," he said. The Los Angeles Times reported that the budget will be released on Tuesday. The paper said the Los Angeles City Council also plans to send more than $11 million in funds from the police department to new initiatives in poorer areas of the city. The paper pointed out that the budget needs to be approved by the City Council. GET THE FOX NEWS APP "This is not small ball," Garcetti said. "It isn’t just the biggest budget I’ve ever overseen – it’s...
    Los Angeles Mayor Eric GarcettiEric GarcettiSunday shows preview: Biden administration grapples with border surge; US mourns Atlanta shooting victims State, city leaders push transparency to increase trust in COVID-19 vaccine Overnight Health Care: Biden slams Texas, Mississippi for lifting coronavirus restrictions: 'Neanderthal thinking' | Senate panel splits along party lines on Becerra |Over 200K sign up for ACA plans during Biden special enrollment period MORE (D) said in an interview published on Monday that he will ask the Los Angeles City Council to set aside $24 million in next year’s budget to provide a guaranteed monthly income to 2,000 LA-area families. "We have to end America's addiction to poverty," Garcetti said in an interview with LAist. "For families who can't think past the next bill, the next shift or the next health problem that they have, we can give them the space to not only dream of a better life, but to actualize it." The proposal titled "BIG: LEAP" (Basic Income Guaranteed: L.A. Economic Assistance Pilot), will provide 2,000 families living at or below the poverty level with an unconditional...
    You could call it art for art's sake -- plus $1,000 a month. San Francisco plans to start paying 130 local artists $1,000 a month starting in May through the fall in a pilot program. It follows other so-called "universal basic income" efforts being launched in California amid the coronavirus pandemic. "From the first day the pandemic arrived in San Francisco, we knew that this health crisis would impact artists, and artists of color in particular," Mayor London Breed said Thursday while announcing the program, FOX 2 of the Bay Area reported. Breed said the city’s artists "make San Francisco special, and bring so much life and energy to our city. The arts are critical to our local economy and are an essential part of our long-term recovery. If we help the arts recover, the arts will help San Francisco recover." OAKLAND OFFICIALS ANNOUNCE FRAMEWORK FOR GUARANTEED INCOME PILOT PROGRAM But while some lauded the city’s efforts to help local artists, others like California Republican John Cox, who is campaigning against Gov. Gavin Newsom -- who is facing a recall effort against him --...
    CHICAGO (CBS) — A City Council committee on Thursday held a hearing on a possible pilot program to help lower-income Chicagoans bounce back from financial emergencies through guaranteed basic income. Similar pilot programs in other U.S. cities typically offer $500 cash to around 125 people for a limited time, with no strings attached. READ MORE: Chicago Auto Show Organizers Meeting With Pritzker Administration About Possible 2021 Return To McCormick Place Ald. Gilbert Villegas (36th), who has said he plans to introduce a guaranteed basic income plan to the City Council soon, said the need is urgent. Villegas said he would like to set aside 2% of the $1.8 billion in federal aid the city expects to get from the latest COVID relief program for a guaranteed basic income pilot project. “We have got to get money, cash, into the hands of people so that way they can continue to keep the economy going,” Villegas said. “That money is going to circulate right back into the economy. So this is a great use of the funds that are coming from the...
    CHICAGO (WLS) -- Some Chicago aldermen on Thursday are exploring a proposal to give some residents a guaranteed basic income.It would likely amount to monthly payments for low-income residents, with no strings attached.Alderman Gilbert Villegas, Alderwoman Maria Hadden and Alderwoman Sophia King introduced the resolution to the Committee on Economic, Capital and Technology Development of the Chicago City Council."Distributing cash directly to Chicago families would transform life for millions of Chicagoans for generations to come," Villegas said.RELATED: Gary launches guaranteed income program experiment for 1 yearEMBED More News Videos The Guaranteed Income Validation Effort pilot program will provide a $500 monthly income to 125 residents for a year to see if it will help lift people out of poverty. The opportunity to secure a guaranteed income for Chicagoans arises in light of the expected passage of the American Rescue Plan, which, similarly to the CARES Act of spring 2020, would offer the city of Chicago discretionary funding to provide relief to residents.The resolution, if passed, would establish that the City Council would hold hearings on the creation of a guaranteed...
    SAN FRANCISCO (CBS SF) — Mayor London Breed on Thursday said she plans to immediately implement a number of recommendations from a new report on San Francisco’s economic recovery from the COVID-19 pandemic, including a universal basic income (UBI) program that will provide $1,000 a month for local artists. The report released by the San Francisco Economic Recovery Task Force (ERTF) provided 41 recommendations to counter the negative effects of the pandemic on the city’s economy. The proposed pilot UBI program is part of the city’s plans to direct nearly $6 million in funding for artists, teaching artists, arts organizations, and cultural workers. The UBI program will provide up to 130 artists with $1,000 a month for at least six months starting early 2021. The city started the task force back in early April to find ways to counter an anticipated budget deficit of $1.6 billion, caused by the COVID-19 pandemic. Besides the UBI pilot program, the report recommends measures such as funding new public works projects, reducing regulations on businesses and extending the Shared Spaces program, which allows for...
    SAN FRANCISCO (CBS SF) — The San Francisco Economic Recovery Task Force (ERTF) released a report Thursday providing 41 recommendations to counter the negative effects of the COVID-19 pandemic on the city’s economy. Among the recommendations is a universal basic income (UBI) program that will provide $1,000 a month for local artists. The proposed pilot program is part of the city’s plans to direct nearly $6 million in funding for artists, teaching artists, arts organizations, and cultural workers. The UBI program will provide up to 130 artists with $1,000 a month for at least six months starting early 2021. The city started the task force back in early April to find ways to counter an anticipated budget deficit of $1.6 billion, caused by the COVID-19 pandemic. Besides the UBI pilot program, the report recommends measures such as funding new public works projects, reducing regulations on businesses and extending the Shared Spaces program, which allows for businesses to expand into public areas. “The recommendations released today are a reflection of the immediate needs and aspirations of our Task Force and community....
    LONG BEACH, Calif. (KABC) -- The city of Long Beach is soon going to start sending $1,000 checks for at least the next three months to help low-income renters get through the COVID-19 economic crisis.Mayor Robert Garcia said the program will send the $1,000 checks to help almost 1,800 renter households for the next three months. The payments will be sent directly to their landlords to help pay their rent.The city will continue to evaluate whether to extend the program for a longer time and expand it to more families, particularly if the state and federal governments offer more financial assistance."It's a form of direct assistance, of guarantee income," Garcia told Eyewitness News. "It's a way in the future we can ensure people have the basic needs that they need, around food, rent and child care, to survive."The Long Beach City Council approved the Long Beach CARES Emergency Rental Assistance program in June.The rental assistance will be provided for Long Beach residents who have lost income because of COVID-19 and meet federal low-income requirements.The program's application period has already ended...
    LONG BEACH (CBSLA) — Long Beach city leaders are considering a universal basic income program to help the city’s most vulnerable residents. Families will have the opportunity to apply to participate in the pilot program, in which they would receive monthly payments to help with essentials such as food and housing. “We are gonna have a limited number of people involved in the program,” said Long Beach Mayor Robert Garcia. “We’re gonna develop the program over the course of the next few months, and we’re actually hiring an equity officer who’s going to actually manage this universal basic income. We think it’s gonna be a huge support for families especially that are struggling.” Ashley Simonini, a Long Beach resident, said that these days she could use an extra financial boost to help support herself and her four-year-old son. “It would be for groceries and to help out my family and friends,” she said. If approved by the city council, the program would make Long Beach one of 15 cities nationwide that are currently testing out a universal basic income model....
    OAKLAND (CBS SF) – Low-income Oakland residents may be getting some much-needed cash every month to help make ends meet during the coronavirus pandemic. Mayor Libby Schaaf is joining mayors from ten other cities to launch a universal basic income pilot program. The program similar to the one in Stockton where Mayor Michael Tubbs started giving $500 a month to 125 residents. Stockton has been such a success that Mayor Libby Schaaf has signed up to bring that program to Oakland. “I said ‘are you in,’ and she said, ‘I’m down,’” said Mayor Tubbs. Mayor Schaaf said it was an easy sell because she has seen many in her community struggle to make ends meet during the COVID-19 pandemic. “It’s really showing how fragile Americans are in their wealth and it’s showing just how big these racial disparities are,” said Schaaf. According to Mayors for Guaranteed Income, a coalition of eleven city leaders, nearly 40 percent of Americans cannot afford a $400 emergency and the racial wealth gap is growing. The median net worth of white households is...
1