A total of $37.56 million is being given away in a pair of guaranteed income programs in two of the nation’s major metropolitan areas.
A program called Breathe is expanding in Los Angeles county, with the initial aim of giving $1,000 a month to 1,000 people who are struggling to make ends meet over the course of three years.
Now, the program has started giving money to people who have gone through the foster care system, with 200 people age 21 to 23 receiving $1,000 a month over the course of two years.
Meanwhile in Paterson, New Jersey, the application process is open for a guaranteed income pilot that will hand out a total of $960,000.
Two-hundred families will be selected via a lottery system to receive debit cards loaded with $400 in free monthly income for an entire year.
To qualify, individuals must have an income below $30,000, and families below $88,000. All applicants must be 18 years old or older, and be a resident of Paterson.
The programs are two one dozens that are launching across the US in an effort to determine how cash handouts can help people living below the poverty line.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source: https://dailyhodl.com/2023/10/27/37560000-to-be-given-away-with-no-catch-in-major-us-guaranteed-income-programs/