Sunday, December 10, 2023

A new economic stimulus program will give you $500 a month: Who qualifies and where

If you live in the city of Worcester, Massachusetts, there is a pilot program that may interest you: Up to $500 per month will be paid, for two years, to some of its inhabitants. It is part of the Universal Basic Income (UBI) programme.

This is an aid that is being given through Worcester Community Action Council (WCAC) Who announced that he received $250,000 in US Bailout Act funds from the City of Worcester.

Overall, this is expected to help a total of 52 low-income families living in the area. The idea is to give an economic stimulus for two years. Payments will be variable and can range from $100 dollars to $500 dollars per month, over a period of two years. Everything will depend on the needs of each family.

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Similarly, people who get this financial assistance will also get financial advice to help them use their money wisely. There is no special requirement for the use of this money, it will be left for the free use of those who receive it.

A statement sent by the government explained that the money is meant to help them “overcome various obstacles in their lives”. “This pilot program will promote financial stability for local families while allowing them to focus on self-set goals around critical needs such as housing, employment, child care and health,” explained text sent to the press. Will give.”

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“On behalf of my administration, I am pleased to support WCAC’s pilot program to allocate unlimited financial aid and counseling services to low-income families,” said Worcester City Manager Eric Battista.

“This program will allow us to see the potential benefits that cash assistance can bring to families and empower them to achieve self-sufficiency through autonomous means. I look forward to seeing the results and how this model can be scaled up in the future,” he said.

Nation World News Desk
Nation World News Desk
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