Free money, no strings attached? The rise of generative #AI — and the growing potential for mass unemployment — is raising the question: What role, if any, does guaranteed income play in American society? While the tech development is new, the guaranteed-income question has been around for decades with proponents across the ideological spectrum, from the laissez-faire economist Milton Friedman to democratic-socialist and civil rights icon Dr. Martin Luther King, Jr. In dozens of cities across the U.S., guaranteed income programs are already being tested. Baltimore, Chicago, Flint, Sacramento and many others are studying the outcome of giving low- and middle-income families direct cash payments with no strings attached. In almost all cases, funding comes from a mix of philanthropic efforts from organizations like United Way and/or leftover COVID-relief money from the American Rescue Plan. If your measures of success include reducing poverty and increasing the health and development of children without jeopardizing employment, initial data suggests these programs so far have been extremely successful. For Money, I recently dove into six major universal basic income programs that are currently in effect around the country. Read more on how and where these programs operate and what the cities' next steps are. #UBI #GuaranteedIncome #AI #MassUnemployment #stimulus #LITrendingTopics #money #MLK cc: Baltimore City Mayor's Office of Employment Development; Mona Hanna-Attisha; Michigan State University; Cook County Government; Pierce County; City of Tacoma; Sacramento County
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Money is always a delicate topic in families and no parent wants to play favorites or have it appear that way. However, there are many family situations where one child either requires or would benefit from financial help more than their siblings. This raises the question of whether financial assistance, both in the present day as well as inheritance, should be equal or fair. Read our latest blog article to find out how to navigate the issue of equality versus fairness and what steps you need to take to be successful in whatever approach you choose: https://bit.ly/3IfxiGZ
Fair or Equal? Evaluating Different Approaches to Financial Assistance and Inheritance
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Self-care takes on many forms. Financially, it can mean to evaluate your relationship with money and setting goals to invest in yourself and in your future. The economy is no joke. Taking the steps to better our finances is a form of self-love. Use this graph to remember what financial self-care is about and make it your own. - #love #care #financialselfcare #positivity #community #financialliteracy
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Women face unique challenges that can put them at a greater level of financial risk than men. See how you can take charge of your finances with our list of ways to make your money work for you: https://bit.ly/3vXEa9d #financialliteracy #financetips #teachers #educators
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Women face unique challenges that can put them at a greater level of financial risk than men. See how you can take charge of your finances with our list of ways to make your money work for you: https://bit.ly/3Uj8rtb #financialliteracy #financetips #teachers #educators
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“Money doesn’t grow on trees” is often the first money lesson a parent teaches their child. That was certainly true for Jason Taylor and his children. In this clip, Jason shares the lessons he tries to instill in his kids so they can have a healthy financial future. #JT+PFCU #FinancialWellness #EmpowerYourMoney
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"Despite some progress, we still live in a country where the environment you grow up in is likely to dictate your access to wealth. Nobody has control of where they come from, but if our country still wants people to believe in the American dream, we need to facilitate access to the most essential and basic building blocks. Without access to financial services, fair credit, regulation to reign in the bad actors, and innovative products and services to provide an alternative, the American dream can never become a reality." Zest AI's Aaron Long stopped by Fast Company to share his insight and observations on 3 things that will close the wealth gap. Find the full article here: https://lnkd.in/gPmmgaU5 #FinancialWellness #FairLending #FinancialInclusion #LendingTech #FinTech #Innovation #AmericanDream #FinancialEquity #FinancialServices #FairCredit #AccessToCredit
Financial education won’t close the wealth gap, but these 3 things will
fastcompany.com
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It's #TalkWithOurKidsAboutMoneyDay! Getting your children to start thinking about, and saving money can play a role in their future financial well-being! 💰 Learn some ways to make saving fun for them and teach them new skills: https://lnkd.in/et_kk-WX #SavingMoney #KidsAndMoney #TWOKAM #TalkWithOurKidsAboutMoney
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Let's make the best use of your hard earned dollars with your Auto, Home, Life Insurance and Retirement Plan!
Women face unique challenges that can put them at a greater level of financial risk than men. See how you can take charge of your finances with our list of ways to make your money work for you: https://bit.ly/3tNfv5X #financialliteracy #financetips #teachers #educators
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Helping to empower the next generation can start with proper knowledge! 💡 Join us as we delve into vital steps that parents can take to help ensure their children are equipped to navigate financial matters with confidence. Learn how to help pave the way for a brighter financial future in our free report! https://lnkd.in/ecJwYcps #child #parent #financialchecklist
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Achieve Debt Liberation through Knowledge and Empowerment! Participate in Our #30daysdebtdetoxchallenge and Get Free Consultation Over All Financial Services!
Unpaid bills, even small ones, gradually limit your financial freedom, like vines tightening around your opportunities. Each day they go unpaid, they become heavier chains on your aspirations, restricting your choices. Discover financial freedom tailored to your aspirations. https://buff.ly/3U8L7On For Any Query: support@debtcrusherpro.com #debtfree #DebtRelief #debtsettlement #creditrepair #financialfreedom #DebtHelp
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Guaranteed income tests are showing positive impacts on poverty and child development. Exciting stuff! Adam Hardy