Basic Income Program Pilot Launches To Combat Poverty

Modest Guaranteed Basic Income Pilots Can Decrease Poverty By As Much As 40%

The Thrive Prince Georges’ Basic Income Program, which is spearheaded by the Greater Washington Community Foundation, Prince George’s County Executive Angela Alsobrooks, the Prince George’s County Council and the Meyer Foundation teamed to create a Guaranteed Basic Income Pilot Program. This program is a two-year, $4 million guaranteed-income pilot that seeks to provide greater economic stability and mobility for families in the region.

The program will provide monthly payments of $800 to 50 youth (age 18-24) who are aging out of foster care and 125+ seniors (age 60+) for a 24-month period with no strings attached and no requirements tied to employment. Check out the video above for more details.