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US County Launches New Guaranteed Income Pilot, Distributing $2 Million in Free Money

US County Launches New Guaranteed Income Pilot, Distributing $2 Million in Free Money

A US County to Distribute $2 Million in Basic Income Pilot

Fairfax County, Virginia is launching a new basic income pilot that will distribute $2 million with no restrictions. The program aims to provide financial assistance to 180 families over a 15-month period, with each family receiving $750 per month. The sign-up process for the Fairfax County Economic Mobility Pilot (FCEMP) will run from September 23rd to October 3rd.

Eligibility Criteria

To qualify for the program, applicants must be at least 18 years old, have a child aged 16 or younger, and have a household income between 150% and 250% of the 2023 Federal Poverty Level (FPL).

Source: Fairfax County

Purpose of the Pilot

The Fairfax County Economic Mobility Pilot aims to assess whether providing cash handouts can have positive effects on recipients’ physical and mental health, educational performance, housing and food security, and employment prospects. The program seeks to empower residents by allowing them to make decisions about their own lives and spending.

The county intends to utilize research findings from the pilot to understand the impact of cash assistance on participants’ lives and make informed decisions regarding the future of the program.

Part of Nationwide Initiatives

This basic income pilot is just one of many across the United States that collectively aim to distribute over $200 million. These initiatives aim to evaluate the effectiveness of providing guaranteed income for individuals and families facing financial difficulties.

Hot Take: Fairfax County Tests Basic Income Program with $2 Million Pilot

Fairfax County, Virginia is launching an innovative basic income pilot that will provide $2 million in unrestricted funds to 180 families. The program aims to assess the potential benefits of cash handouts on recipients’ overall well-being, including their health, education, and employment prospects. By allowing residents to take control of their own lives and spending decisions, this initiative promotes dignity and self-determination. The findings from this pilot will guide Fairfax County in determining whether to expand or continue the program. With numerous basic income pilots taking place nationwide, it is clear that there is growing interest in exploring the potential of guaranteed income as a solution to financial struggles.

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US County Launches New Guaranteed Income Pilot, Distributing $2 Million in Free Money