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Could Guaranteed Income Close Racial Wealth Gap?

Could Guaranteed Income Close Racial Wealth Gap?
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California Invests In Guaranteed Income: $35 Million Will Support Monthly Payments For Pregnant Women, Foster Youth


California Invests In Guaranteed Income: $35 Million Will Support Monthly Payments For Pregnant Women, Foster Youth
Friday, July 16, 2021
| Sacramento, CA
Susie Garza displays the city provided debit card she receives monthly through a trial program in Stockton, Calif. Garza is participating in the Stockton Economic Empowerment Demonstration.
AP Photo/Rich Pedroncelli
Guaranteed income is expanding state-wide in California after lawmakers on Thursday passed the nation’s first state-funded guaranteed income program. 
The $35 million program will go toward monthly payments to pregnant women and foster youth phasing out of the system, and it will be distributed to local organizations in cities that have committed to guaranteed income programs. The pilot, which is backed by Gov. Gavin Newsom, passed with bipartisan support in the state legislature. There won’t be any restrictions on how recipients spend the mon ....

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