This year Georgia, one of the most income-diverse states in the country will be providing families with monthly cash payments of $850 over the next two years. It's all a part of their universal income program that will issue monthly payments to hundreds of families.
Universal income is a term that has been thrown around many times over the past few years. While the premise is to provide families in underserved communities with additional income opportunities, it also comes with its hiccups.
First attempted by other states such as California and Mississippi, the premise is to increase the income of some of the lowest-earning residents while studying the effects of the socio-economic effects that the extra income has on their lives. All in all, Georgia's program will distribute more than $13 million dollars across twenty-four months.
The money, which is geared towards women, many of whom head up single-earner households, can be spent on anything that the participants deem necessary. While previous studies have highlighted positive outcomes in areas of mental well-being and employment opportunities, In Her Hands, is hoping for similar results.
"Guaranteed income is a step toward creating a more just and equitable economy."- Hope Wollensack- CRO, GRO Fund
According to research, this will be one of the largest programs of its kind, headed by Give Directly, the New York-based non-profit that provides disaster relief funds in countries like Kenya and Rwanda. The organization also heads Project 100, which issued Covid 19 relief dollars to more than 200,000 households since the pandemic began.
Although the program is in its early stages, the results are expected to be numerous.