In Cambridge, Mass., starting Wednesday, June 1, each resident with a dependent beneath 21 at or under 250 p.c of the federal poverty degree can register to entry $500 a month for 18 months. Each single household who applies and meets the eligibility standards will obtain the funds to deal with the rising financial divide and racial inequities in Cambridge whereas sustaining town’s numerous inhabitants.
Because the mayor of Cambridge, I belief every participant to make use of the cash as they see match with out limitations.
We see recipients making related good selections throughout the nation, with knowledge from Mayors for a Assured Earnings exhibiting that hundreds of Individuals are spending their assured revenue on primary wants like groceries, utilities and transportation. Proof exhibits that unrestricted money works at scale, with 2021’s expanded baby tax credit score primarily providing a assured revenue to almost each mum or dad in America. That led to a file drop in baby poverty and there was no unfavourable affect on the labor pressure.
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