Los Angeles’ guaranteed income program will pay 1,000 people $1,000 a month for three years — here’s how it works
The city of Los Angeles is starting a program that gives some residents $1,000 a month of guaranteed income for three years.
The initiative, started by LA County, is called “Breathe: LA County’s Guaranteed Income Program,” and the application window is now open. Here’s what to know about this guaranteed income program:The program will provide $1,000 to some Los Angeles residents every month for three calendar years. The money will be available through a debit card provided by the County of Los Angeles — you do not need to have a bank account to participate.
These initiatives are put in place to examine people’s spending habits and see how having a certain amount of income impacts their lives. Through tracking of the debit card given to participants, researchers can study where the money goes throughout the 36 month program.
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