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“The first rule, get the money first. The second, don’t forget to get the money!” Several states in the United States California, Illinois, Minnesota, Mississippi, and New Jersey have introduced income security programs to help residents improve financial stability and mental health, while addressing the racial gap between rich and poor. Now the plan will go to Georgia because it will be the latest state added to the list.
according to Yahoo News On Wednesday, it was announced that the “In Her Hands” program would provide up to 650 black women with approximately $850 in cash per month within two years, without any conditions. The program will study how unconditional cash transfers affect the financial and mental health of participants. “In Her Hands” is led by the Georgia Resilience and Opportunity Fund, which is composed of local elected officials and non-profit organizations. The non-profit organization GiveDirectly will include participants who live in Atlanta and other areas in the suburbs and rural areas of Georgia. Participants in this program must be close to or below the federal poverty line.
The report shows that “in her hands” is the intention to launch the program in Atlanta, which is the city with the most serious income inequality in the United States, especially near the old four districts where Martin Luther King grew up. According to research conducted by the Policy Research Institute in 2019, the median wealth of black American households is US$3,600, accounting for approximately 2% of the median wealth of white households of US$147,000. Research also shows that 26% of black women living in Georgia are in poverty, compared with 14% of white women. ‘
The plan is scheduled to start early next year and will allocate more than 13 million U.S. dollars. Currently, this program is expected to become one of the largest guaranteed income pilot programs in the United States! Roommate, leave a comment and share your thoughts on this app!
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