Concord Launches Guaranteed Income Pilot As Programs Gain Traction In The Bay Area
Concord has joined a growing list of Bay Area cities testing guaranteed income programs. The East Bay city’s model will provide 120 families with $500 a month for a year. More than 20 similar pilot programs have sprung up in the Bay Area in the last few years after more state and local officials allocated money to fund them. That has made California a hotbed for guaranteed income experiments. Advocates say that “no-strings attached” funding puts participants on a path to financial security because they often use the money to cover basic necessities, pay off debt, and build up savings. We’ll…
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