Crypto Updates

$1,740,000 To Be Handed Out With No Strings Attached As New Guaranteed Income Pilot Approved in Major US City

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

A big city on the west coast just approved a pilot program that will give hundreds of dollars a month to a group of residents with no strings attached.

The guaranteed income pilot will distribute $725 per month to about 200 families in Sacramento, California for a year.

The program, called Family First Sacramento, has been unanimously approved by the county’s board of directors, reports the ABC-affiliated news station KXTV.

It’s designed to help African American and Native American families with children under 5 years-old.

Families that apply for the program will be placed in a lottery system and payouts are set to begin in July.

Michelle Callejas, director of Sacramento County’s Department of Child, Family and Adult Services, says the program is designed to target families who need help the most.

“These are families that are living within high rates of poverty across all the zip codes. In this case, African American and Native American children zero to five and their families are most disproportionately impacted by the child welfare system.”

Family First Sacramento says that based on previous trials around the US, they expect people to spend the money on essentials like food, housing, transportation, health care and education.

Details on the sign-up process and time frame have not yet been announced.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

Click Here to Read the Full Original Article at The Daily Hodl…