Chicago Universal Basic Income? Explore Mayor Lightfoot’s $ 500 per month proposal

CHICAGO (WLS) – When presenting her budget, Chicago Mayor Lori Lightfoot proposed a program that would give 5,000 low-income households $ 500 a month for a year.

The city said it would help those hard hit by the pandemic and in need of additional economic stability.

A similar program is already underway in Gary.

READ MORE: Gary launches the experiment of a guaranteed income program for 1 year

City Mayor Jerome Prince said this pilot program was about compassion and widening the safety net for 125 residents selected to participate.

“GIVE”, the Guaranteed Income validation effort, facilitates this program.

Our Chicago Part 1

Executive Director Burgess Peoples said there was a mix of people participating, “seniors, singles, people with babies, without babies, those who work but earn below or minimum wage or below the minimum wage. minimum wage, and of course we have a few retirees here. “

They must be 18 years of age or older and earning $ 35,000 or less.

Our Chicago Part 2

And while some people might think that an extra $ 500 per month wouldn’t have much of an impact, those in Gary’s pilot program disagree.

“They tell me: $ 500 is a lot of money; $ 500 keeps me safe. The $ 500 helps me learn how to budget what I have because I never had a cushion. The $ 500 allowed me to get my car repaired, so I can go to work and earn more money because my attendance has increased. ‘”

Some beneficiaries said that for the first time they were able to take their families on vacation and enroll their children in extracurricular activities.

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