Home | Guaranteed Basic Income (2024)

BIG:LEAP is not currently accepting applications. Please view our Resources page for information on other programs that may be of interest to you.

Why Guaranteed Income?

Poverty touches the lives of more than 38 million people living in America today — close to twelve percent of the U.S. population.

Poverty affects two out of every 10 residents in the City of Los Angeles — most of them people of color. Thirty-one percent are children.

One-third of working adults in Los Angeles aren’t able to support their families with full-time work alone.

The relentless poverty experienced by too many Angelenos emerges out of a lack of financial resources, not a lack of judgment. While Angelenos are doing everything in their power to achieve financial security, the burdens of a high cost of living, unaffordable housing options, and insufficient wages too often exceed families’ ability to confront those challenges on their own — and we know that the economic difficulties caused by COVID-19 will outlast the pandemic itself. Employment alone cannot always break the cycle of poverty, and research has consistently demonstrated that direct cash aid is a powerful tool for ensuring greater stability for vulnerable Americans.

What is BIG:LEAP?

Basic Income Guaranteed: Los Angeles Economic Assistance Pilot is providing approximately 3,200 individuals with $1,000 per month for 12 months. These are unconditional, regular, and direct cash payments to individual participants that supplement existing welfare programs. This means there are no restrictions on how the money can be spent and no requirements for the participants. GBI programs are founded upon the belief that the people enduring financial instability or poverty are best positioned to make informed financial decisions that efficiently address their household’s needs— whether that means paying for rent, a new tire, or an unexpected trip to urgent care. These participants are granted the freedom to meet their most pressing needs without delay.

Furthermore, the participant’s financial future becomes more secure and predictable, providing families the resources to address problems before they lead to larger and costlier burdens. Through BIG:LEAP, Angelenos are empowered to forge their own path towards financial security. While no single program can reverse decades of economic and racial inequality that marginalize low-income people of color, BIG: LEAP can point the way towards a more equitable and prosperous future.

A Research Study

We believe that guaranteed income can serve as an addition, not an alternative, to the nation’s current social safety net. It will provide an income floor for those without one, strengthening the social safety net and expanding access in the process. Currently there is an array of public assistance programs, including CALWORKS, CalFresh, WIC, the EITC, and Medicare that form the nation’s social safety net. Unfortunately, these programs alone cannot meet everyone’s needs.

In addition to uplifting approximately 3,200 families financially, Los Angeles’ guaranteed income pilot provides an opportunity to expand our knowledge of community investment and poverty interventions. The City of Los Angeles is working with the Center of Guaranteed Income Research at the University of Pennsylvania to gather valuable data throughout the pilot program. The information collected will be used to reform current policies, guide future programs, and aid in the expansion of our social safety net.

Program Objectives

Provide financial relief

Provide immediate and ongoing financial relief to those impacted by poverty and the effects of COVID-19.

Grow the research

Conduct a rigorous research assessment of the GBI program to evaluate its efficacy so that other government entities have the necessary evidence to implement these programs at a greater scale.

Reform policy

Influence federal and state regulations that limit the City’s ability to offer direct cash assistance with existing grant funds.

Transform the role of local government

Direct local funding to City departments and empower them to implement comprehensive, bold programs that uplift our most vulnerable residents from poverty.

Increase assets and opportunities to build generational wealth

This pilot will work to connect participants to outside financial resources that can better assist them in developing wealth. In order to break the cycle of poverty that keeps families trapped for generations, these resources will promote accumulating savings, setting attainable, long-term financial goals, and incrementally building intergenerational wealth.

Connect families to LA’s social safety net

Bring participants into the city’s vast network of resources to aid them in their path to financial security.

Home | Guaranteed Basic Income (2024)

FAQs

What is a guaranteed basic income? ›

Universal basic income (UBI) is a social welfare proposal in which all citizens of a given population regularly receive a minimum income in the form of an unconditional transfer payment, i.e., without a means test or need to work.

Does Michigan have a guaranteed income program? ›

Projects. Guaranteed Income to Grow Ann Arbor (GIG A2) is a two-year pilot that provides monthly payments of $528 to 100 Ann Arbor entrepreneurs and gig workers with low incomes, starting in January 2024.

Does Ohio have a guaranteed income program? ›

YSEQUITY is the second guaranteed income program in Ohio and the first documented program in a village in the United States.

What is the $1000 per month universal basic income program? ›

Universal Basic Income (UBI) reduces poverty and income inequality, and improves physical and mental health. A UBI set at $1,000 per adult per month and $300 per child per month would eradicate US poverty entirely, according to Scott Santens…

How does a guaranteed income work? ›

Guaranteed income is a monthly cash payment given directly to individuals. It is unconditional, with no strings attached on how to spend it and no work requirements.

What is the difference between guaranteed income and basic income? ›

Here's a quick breakdown: Basic Income: Broad term for programs providing regular cash payments. Guaranteed Income: Provides cash support to those below a certain income level. UBI: Universal cash payments for everyone, regardless of income.

What is the $1,200 guaranteed income program? ›

The Guaranteed Income for Trans People (GIFT) Program will provide low-income transgender San Franciscans with $1,200 each month, up to 18 months to help address financial insecurity within trans communities.

What qualifies as low-income in Michigan? ›

low-income household: income of 80% AMI ($50,240) or less. very low-income household: income of 50% AMI ($31,400) or less. extremely low-income household: income of 30% AMI ($18,840) or less.

How much is a guaranteed income? ›

How much is the guaranteed income supplement for a couple?
How much GIS will I get if my spouse receives the full OAS pension?$641.35 monthly maximum
How much GIS will I get if my spouse receives the Allowance?$641.35 monthly maximum
How much GIS will I get if I am single, widowed or divorced?$1065.47 monthly maximum
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Feb 26, 2024

What state is doing universal basic income? ›

CALIFORNIA LAUNCHES FIRST STATE-FUNDED GUARANTEED INCOME PILOT PROGRAMS. WHAT YOU NEED TO KNOW: California has launched two state-funded Guaranteed Income Pilot Programs to help former foster youth.

What are guaranteed income funds? ›

Objective & Structure The Guaranteed Income Fund (GIF) is a Stable Value fund designed to provide safety of principal, liquidity, and a competitive rate of return.

What is the income limit for cash assistance in Ohio? ›

Ohio's TANF cash assistance program is called Ohio Works First (OWF). To be eligible for cash assistance through OWF, there must be a child in the household, and a family's gross income must be 50 percent of the federal poverty level or less. For a family of three in 2020, that's just $10,860 per year.

How do I qualify for UBI? ›

To be eligible for the UBI payments you must be over 18 years old and have a household income of less than 56,000 dollars for a single person or 96,000 dollars for a family, as well as having experienced hardship following the COVID-19 pandemic.

What are some disadvantages of UBI? ›

Cons: can also increase budgetary burdens; if high, could disincentivize work and savings, as well as reduce social/economic efficiency; some may also feel unearned income is unfair.

How much is the UBI payment? ›

The programs, which are required to provide at least 50% in private matching funds, will pay participants $600 to $1,200 a month for 12 or 18 months.

How does a guaranteed minimum income benefit work? ›

A guaranteed minimum income benefit (GMIB) ensures that an annuitant will receive payments regardless of market conditions. This minimum payment amount is predetermined by assessing the future value of the initial investment. This option is only beneficial to annuitants who plan to annuitize their annuity.

What is considered a basic income? ›

Basic income is a regular cash payment to all members of a community, without a work requirement or other conditions.

What is the difference between guaranteed and non guaranteed income? ›

Income from non-guaranteed sources is sometimes called “variable” income, while a guaranteed income payment is often referred to as “fixed” income. Guaranteed income can be generated from several sources and is by no means rare.

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