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☆ More and more Gen Zers are struggling to stay in work or school. With $350 monthly, a New Orleans guaranteed income program hoped to change that.
▼ + stars: | 2024-09-07 | by ( Allie Kelly | ) www.businessinsider.com time to read: +7 min

Read previewFor some young New Orleans residents, guaranteed basic income helped them afford a ride to work. The New Orleans guaranteed basic income pilot was a collaboration between Mayor LaToya Cantrell's Office of Youth and Families and the national advocacy network Mayors for a Guaranteed Income (MGI). AdvertisementResearchers, however, noted that the individualized impacts of guaranteed basic income are difficult to capture in a dataset. For Howlette, the New Orleans pilot results show that housing, work, and transportation-related costs are major barriers for opportunity youth. She said guaranteed income is just one way to help alleviate these challenges and prevent long-term poverty.

Persons: —, would've, LaToya, Howlette Organizations: Service, SNAP, Medicaid, Business, New, LaToya Cantrell's, Youth, The Center, University of Pennsylvania, Orleans Mayor's Locations: New Orleans, America, Los Angeles, Birmingham, Chicago, Denver, , New Orleans, Louisiana, Orleans

Though many say they are thankful to have Social Security payments at all, they aren't enough to fill the gap. To help pay the bills, nearly 80% of retirees receive some Social Security income, per BI's calculations, and the Social Security Administration estimates that 97% of older adults will ultimately receive benefits. She told BI that her expected $2,000 monthly Social Security payments may not be enough. As pensions dissipate and only higher-earning retirees have savings, Social Security might only become more pivotal for retirees. Advertisement"I don't want to be rich, I just need to be comfortable," 62-year-old Angela Babin — who lives on her $1,100 monthly Social Security check — told BI.

Persons: —, Emma Echols, she'll, Echols, she's, She's, Xers, Tracey Gronniger, Cheryl Simmons, Franklin D, Roosevelt, they've, Mary Dacus, Stephen, They've, Becky Davenport, Davenport, Donald Trump, Bernie Sanders, Elizabeth Warren, Gronniger, Angela Babin — Organizations: Service, Social Security, Business, Social, Security, Social Security Administration, SNAP, Pew Research Center, Republican, Republicans, allisonkelly Locations: Alabama, San Diego, Spain, Greece, Robinson , Illinois, Florida, Anchorage

☆ An Australian boomer retired in Thailand on an $18,000 annual pension. He saves almost half his income and can still travel the world.
▼ + stars: | 2024-08-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. Walker now lives off his roughly $18,000 annual pension (AU$28,000), according to bank statements reviewed by Business Insider. And, because his expenses in Chiang Mai are so low, Walker said he is able to save about 40% of his income. Business Insider has heard from Americans who moved from Texas to Panama, California to Italy, and Minnesota to Mexico, all in search of exciting travels and reduced financial stress. In Thailand, Walker said he has met people from all over the world.

Persons: —, John, Walker, Chiang, Chiang Mai, It's Organizations: Service, Business, Social Security Administration Locations: Chiang Mai, Thailand, Western Australia, Texas, Panama , California, Italy, Minnesota, Mexico, Chiang, Australia, Spain, Majorca, Costa Rica

☆ A boomer lives on $1,601 monthly from Social Security and struggles to pay bills. She plans to wait a few more years until she touches her 401(k).
▼ + stars: | 2024-08-11 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

AdvertisementMaureen now lives on $1,601 monthly Social Security payments in northeast Pennsylvania, according to bank documents viewed by BI. For others, fixed Social Security incomes aren't enough to afford basic necessities. Over half of baby boomers have $250,000 or less in retirement assets, per a 2024 report from the Retirement Income Institute . AdvertisementHer husband's Social Security money primarily went to her daughters when they were young, she said, but she recently learned his employer is closing their pension system. With $1,601 monthly Social Security as her only source of reliable income, Maureen is on a tight budget.

Persons: —, Maureen, Patricia Polacco's, Maureen —, hasn't, she's, doesn't Organizations: Service, Business, Catholic, Social, BI, Northwestern Mutual, Income, Social Security, SNAP Locations: Pennsylvania

☆ Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.
▼ + stars: | 2024-08-08 | by ( Allie Kelly | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Read previewFormer President Donald Trump said that if he's elected, he'd cut taxes on Social Security benefits for older Americans — but the policy risks shrinking those funds sooner than expected. "People on Social Security are being killed, and one of the things I'm doing is no tax for seniors on Social Security, and I'll get it done quickly." Trump had previously pitched his plan to eliminate taxes on Social Security, writing on his social-media platform Truth Social on July 31: "SENIORS SHOULD NOT PAY TAX ON SOCIAL SECURITY!" Trump has vowed not to cut Social SecurityTrump has previously taken a strong position on Social Security — one at odds with many members of his own party who have faced criticism from Democrats for calling for Social Security cuts. For example, Trump said in January 2023 that "under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security."

Persons: —, Donald Trump, Trump, Garrett Watson, Trump's, we'll, Social Security Trump, Biden, Kamala Harris Organizations: Service, Social Security, Fox &, Republican, Business, Social, The Tax, Security, Republican National Committee, Democratic, Medicare, Affordable Locations: Illinois

☆ A guaranteed basic income program helped a millennial afford a crib for her newborn when her income dipped during maternity leave
▼ + stars: | 2024-08-08 | by ( Allie Kelly | ) www.businessinsider.com time to read: +7 min

Related storiesRaising children — especially an infant — is expensive, and Lopez's income dipped during her maternity leave by about 70%. AdvertisementRxKids is one of over 100 guaranteed basic income programs that have been launched across the US. But, during maternity leave, Lopez said her monthly paycheck was reduced to around $600 due to her employer's limited parental leave policy. She didn't expect to be a guaranteed basic income participant, she said, but it came at just the right time for her family. Have you benefitted from a guaranteed basic income program?

Persons: —, Tatiana, Matteo, Lopez, It's, Luke Shaefer, RxKids, Tatiana Lopez, Michigan's, Mona Hanna, Tatiana Lopez GBI, paychecks, She's, Shaefer Organizations: Service, Business, Flint, Assistance, — Locations: Flint , Michigan, Flint

☆ A boomer lives on $1,800 monthly in Social Security and worries about her future: 'What am I going to do?'
▼ + stars: | 2024-08-07 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Miller lives on about $1,800 a month in Social Security income, according to documents viewed by Business Insider. AdvertisementSince she began receiving Social Security several years ago, Miller has been doing her best to live on a fixed income. She said she can afford most of the healthcare she needs through Medicare, the federal health insurance that's typically attached to Social Security. Are you living on a fixed Social Security income? How have you made the decision to enroll in Social Security early or late?

Persons: Ann Miller, Lizzy Rocket —, Miller, She's, —, she's, that's, hasn't, There's, Lizzy, I've Organizations: Service, Business, Social Security, Survey, SNAP, Medicare Locations: Ellensburg , Washington, Seattle

☆ Meet the new moms using up to $700 in monthly basic income to afford childcare. It could be the answer to helping parents stay employed.
▼ + stars: | 2024-08-06 | by ( Allie Kelly | ) www.businessinsider.com time to read: +10 min

They were not required to meet any household income requirements, which are typical criteria for basic income programs. The US has launched over 100 guaranteed basic income pilots — and RxKids joins a growing number focused on families. She told BI that guaranteed basic income lets parents choose a childcare and employment situation that works best for their families. Shamarra Woods, 31, said Atlanta's guaranteed basic income pilot helped her afford daycare for her daughter. Hashash said that guaranteed basic income can help parents cover these childcare costs and build a career with predictable hours.

Persons: —, Celeste, Timlin, Siobhan, It's, RxKids, GBI, She's, Celeste Lord, Shamarra Woods, Woods, Hashash, she's, who's Organizations: Service, Business, Assistance, US, Pilots, Economic Security, ReadyNation Council, Strong, Opportunity Fund, Women, Children Locations: Flint , Michigan, RxKids, Flint, Los Angeles, Denver, Chicago, Philadelphia, America, Atlanta, Georgia

☆ A New York basic income participant used his monthly $1,000 to pay bills and launch a nonprofit
▼ + stars: | 2024-08-02 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

Read previewAround the time that Kenneth McQueen received his first guaranteed basic income payment, he started rollerskating. McQueen was a participant in Creative Rebuild New York, a guaranteed basic income pilot for artists across the state. Previous participants have told BI that they used their basic income to pay rent, afford groceries, drop second jobs, pay down debt, and support their families. Basic income improved McQueen's mental health, encouraged entrepreneurshipPrimarily, basic income gave McQueen "peace of mind," he said. AdvertisementMcQueen isn't sure what will happen next, but he's grateful for the way basic income helped his career and mental health.

Persons: —, Kenneth McQueen, McQueen, — McQueen, Dr, Diana Pearce, Stavros Niarchos, GBI, It's, Maura Cuffie, Peterson, I'm Organizations: Service, Rebuild, Business, Alliance, Creative Rebuild, Mellon Foundation, Tides Center, Ford Foundation, America Locations: Harlem, York, hoodies, tote, New York

☆ A boomer living on $1,680 Social Security and SNAP struggles to afford food: 'It has kept me very isolated.'
▼ + stars: | 2024-07-25 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

What's more, her $23 in SNAP doesn't go very far at the grocery store — maybe it covers a few packages of frozen vegetables, a carton of milk, and some chicken. AdvertisementShe relies on her Social Security for income — an amount that comes out to $1,680 a month, according to documents viewed by BI. AdvertisementOn her limited income, Rita said she can feel lonely. Are you living paycheck to paycheck on Social Security? Have you chosen to take Social Security early or delay benefits?

Persons: —, Rita hasn't, Rita, She's, it's, wouldn't, hadn't, she's Organizations: Service, SNAP, Business, Social, BI, Income, Northwestern Mutual, Social Security, Security Locations: Pekin , Illinois, Chicago, Pekin

☆ Philadelphia is experimenting with guaranteed income pilots for pregnant people and housing insecure families
▼ + stars: | 2024-07-23 | by ( Allie Kelly | ) www.businessinsider.com time to read: +7 min

Read previewPhiladelphia has joined the national guaranteed basic income wave — with a focus on pregnant people and families experiencing housing insecurity. AdvertisementPhilly Joy Bank hopes to improve birth outcomesThe Philly Joy Bank pilot will offer $1,000 a month for 18 months to pregnant people beginning in their second trimester. It is a partnership between the Philadelphia Department of Public Health and the Philadelphia City Fund — with funding coming from the city and various foundations. Guaranteed income programs like Philly Joy Bank "should be the standard, not the exception," Coaxum said. Participants will pay about 30% of their personal monthly income toward housing, then they will receive guaranteed income to cover any remaining balance.

Persons: —, ALICE, Nia Coaxum, It's, Coaxum, Dawn Benson, Benson, Noah Sheidlower Organizations: Service, Philly Joy Bank, Business, Nonprofit United, Philly, Bank, Health, Philadelphia Department of Public Health, Denver, Philadelphia Community Action, Philadelphia City Fund, Children's Hospital of Philadelphia, city's Department of Public Health, Philadelphia Housing Development Corporation, University of Pennsylvania, BI Locations: Philadelphia, Pennsylvania, America, Area, Chicago, San Antonio , New York City, Tioga, Cobbs

☆ A boomer living on $2,400 a month is waiting 8 years to collect maximum Social Security benefits, even though she's struggling to get by
▼ + stars: | 2024-07-19 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

However, the average $1,907 Social Security check often isn't enough for many boomers to afford basic necessities. But, according to the Social Security Administration, their benefits will be lower than if they waited until their official retirement age — which varies by birth year. But, while some extra money would help supplement her paycheck, she's confident in her choice to wait for Social Security. "If I can fight it out until full retirement age at 67, I can fight it out until I'm 70. Are you an older adult waiting to collect Social Security?

Persons: —, Diane Williams, I'm, Williams, doesn't, She's, I've Organizations: Service, Business, Social Security, Social, Social Security Administration, SNAP Locations: North Babylon, Long

☆ A boomer lives on $2,600 monthly from Social Security and his Walmart job: 'If I had $1 million, I don't know what I would do with it.'
▼ + stars: | 2024-07-14 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

He works two or three days a week at a Walmart warehouse and cashes his monthly Social Security check, which he said is enough to finance his "simple" lifestyle. AdvertisementHe lives in Finleyville, Pennsylvania, a town 45 minutes south of Pittsburgh and receives $1,022 a month in Social Security, according to documents viewed by BI. Some are living paycheck to paycheck on Social Security, which could start shrinking by 2030 . The paychecks help supplement this Social Security income, and he said the job keeps him active and social. Are you an older adult living on Social Security?

Persons: —, George Dziamniski, frugally, Dziamniski, doesn't Organizations: Service, Walmart, Social Security, Business, BI, Northwestern Mutual, Survey, SNAP, Medicare Locations: Finleyville , Pennsylvania, Pittsburgh, Finleyville

☆ Artists in New York got $1,000 monthly through a basic income program. One participant used the money to pay bills and afford healthcare.
▼ + stars: | 2024-07-12 | by ( Allie Kelly | ) www.businessinsider.com time to read: +7 min

Bunnell was a participant in Creatives Rebuild New York's guaranteed income program. Some of the guaranteed income participants lived in cities, while others lived in rural areas. Related storiesCreatives Rebuild New York's guaranteed income program joins over 100 similar pilots across the US aimed at reducing local poverty levels. The organization allocated $43.2 million total to the guaranteed income program and $61.6 million to the artist employment program. Courtesy of Jacinta BunnellHave you benefited from a guaranteed income program?

Persons: —, Jacinta Bunnell, Bunnell, Stavros Niarchos, Dr, Diana Pearce, Maura Cuffie, Peterson, Jacinta Bunnell Bunnell, I've, Jacinta Organizations: Service, Business, Mellon Foundation, Tides Center, Ford Foundation, Rebuild, New Locations: Stone Ridge , New York, Manhattan, New York, Northwest Brooklyn, Rebuild New York, York

☆ A California city is giving new parents $500 a month. It's one of a growing number of basic income pilots focused on families.
▼ + stars: | 2024-07-07 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

That's why city officials in Pomona, California — a city in LA county — are planning to offer guaranteed basic income to new parents. The basic income pilot — called Pomona Household Universal Grants Pilot Program — is run through the city and FORWARD, an organization that helps governments administer resources to their communities. Pomona's program mirrors over 100 basic income pilots across America. Basic income continues to face political and legal opposition across the US, and not all policymakers agree that cash payments are a sustainable approach to poverty. Have you benefited from a guaranteed basic income program?

Persons: —, Joe Biden's, Tim Sandoval, Sandoval, Louis, Luke Shaefer, Shaefer Organizations: Service, Business, Pomona Household, SNAP, University of California, Mayor, Child Tax, Infants, University of Michigan Locations: Pomona , California, LA, Pomona, America, Los Angeles, Baltimore, St, Marin County , California, Flint

☆ Baltimore gave young parents $1,000 a month. Participants used the money to pay bills and secure stable housing.
▼ + stars: | 2024-07-04 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Read previewFor some Baltimore families, basic income helped pay the bills: rent, groceries, healthcare, childcare, and car payments. After one year of receiving payments, participants were more likely to have housing, higher household income, and a degree than the pilot's control group. Researchers primarily focused on participants' income, housing, employment, and education outcomes in the first year of the pilot. Related storiesThe Baltimore Young Families Success Fund randomly assigned eligible applicants to the participant group or a control group. She said the cash payments helped her family secure housing along with everyday expenses.

Persons: —, Baltimore Mayor Brandon Scott, Tazhane Jordan, Jordan, Ken Paxton, Louis, Scott Organizations: Service, Baltimore Young, Abt, Business, Baltimore Mayor, American, Texas, Baltimore Locations: Baltimore, GBI, Iowa, Arizona, Houston

☆ Baby boomers living on $1,000 a month in Social Security share their retirement experience: 'I never imagined being in this position.'
▼ + stars: | 2024-07-01 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

Additionally, he's 57 and his Social Security check won't kick in until he's at least 62. Related storiesDacus and Stephen live in Robinson, Illinois, on their combined monthly Social Security income of $2,140. Sometimes, she has to request an advance on their Social Security checks so they can pay for their meals or utilities. AdvertisementBabin said it's especially difficult for older adults to qualify for government assistance even if their Social Security income doesn't cover basic necessities. AdvertisementIn retirement, Hambrick thought she would be "traveling to new places and having fun with my husband."

Persons: —, Hambrick, Social Security Mary Dacus, Stephen, Dacus, we'll, Angela Babin, Babin, Hurricane Ida, doesn't Organizations: Service, Social Security, Business, Northwestern Mutual, Income, Alliance for Lifetime, Survey, Security, Social, Medicare, SNAP, Boomers Locations: Tulsa , Oklahoma, America, Robinson , Illinois, Houma , Louisiana, New Orleans, Florida

☆ Georgia gave low-income Black women $20,000 over 2 years. A participant said the money helped her afford day care and pay bills.
▼ + stars: | 2024-06-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

She's also a participant in Georgia's guaranteed basic income pilot called In Her Hands. Compared to non-participants, women receiving basic income were more able to afford bills and pay down debt. Many parents also spent some of their basic income on activities for their children, like summer camp or cheerleading dues. A basic income program providing $1,000 a month to pregnant Black women in San Francisco was sued last year. Have you benefited from a guaranteed basic income program?

Persons: —, Shamarra Woods, Woods, She's, GBI, It's, Georgia's Organizations: Service, Georgia Resilience, Opportunity Fund, Business, Ward, College Park, Republican Locations: Atlanta, Georgia, Clay, Randolph, Terrell, Mississippi, San Francisco, Vine City, Bankhead, Washington Park, Black, Connecticut

☆ A Gen Xer relocated from Austin to rural Arkansas thanks to a $16,000 mover incentive that helped pay his mortgage. Now he's enjoying the 'good, hometown living.'
▼ + stars: | 2024-06-28 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Read previewA Papa Johns recently opened in Osceola, Arkansas — and Britt Lorino is thrilled about it. Despite raising their family in Austin, Lorino and his wife decided to settle in Mississippi County because of its mover incentives. Program leaders told BI that they have attracted 80 new homeowners since Work Here, Live Here launched in 2022. Their adult children still live in Austin, and Lorino said his son can't afford a home there. He isn't sure if he and his wife will live in Mississippi County forever, but they plan to stay for several years.

Persons: —, Papa Johns, Osceola , Arkansas —, Britt Lorino, Lorino, It's, everything's, Austin — Organizations: Service, Business, Big, Steel, US Steel, Big River Steel ., Midwest, Osceola Locations: Osceola , Arkansas, Osceola, Memphis, Austin, Mississippi County, Houston, Mississippi, Arkansas, Louisiana, Texas, Rural Mississippi County, there's, . Osceola

☆ 2 St. Louis residents are suing the city's basic income program in an attempt to halt what they call 'unconstitutional' $500 monthly payments to low-income families
▼ + stars: | 2024-06-26 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Read previewAs St. Louis continues its guaranteed basic income pilot, two residents are suing to cut the program's funding. The plaintiffs, Greg Tumlin and Fred Hale, are both St. Louis residents. Adam Layne, the St. Louis city treasurer, previously told BI that St. Louis residents have primarily used their $500 a month to pay bills. BI reached out to the city of St. Louis and St. Louis Guaranteed Income for comment, but the parties did not respond by the time of publication. States like South Dakota, Arizona, and Iowa, Republican politicians have also brought basic income bans to the state legislature.

Persons: —, Louis, Greg Tumlin, Fred Hale, Tumlin, Adam Layne, Louis GBI, Joe Biden's, Jack Dorsey, St, Ken Paxton, Attorney Christian D Organizations: Service, Business, ARPA, BI, Texas Supreme, Attorney Locations: Missouri, state's, Louis, St, Texas, Harris, Harris County, Houston, States, South Dakota , Arizona, Iowa

☆ A peak boomer who lives on $1,100 monthly from Social Security struggles to afford food: 'I have to survive, I have no choice.'
▼ + stars: | 2024-06-23 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Read previewAngela Babin lives in a mobile home in Houma, Louisiana — about 60 miles southwest of New Orleans. She lives on her Social Security income, which she first started receiving in 2008 after she had to retire early for medical reasons. AdvertisementEven with the Social Security check and some SNAP food benefits, Babin said it's difficult to afford groceries. Like the millions of other older Americans living on a fixed Social Security income, Babin said it's difficult to get by. Are you living paycheck to paycheck or on Social Security?

Persons: —, Angela Babin, haven't, Ida, she's, Babin, hasn't Organizations: Service, Business, Social, Social Security, Security, Survey, Women, SNAP Locations: Houma , Louisiana, New Orleans, Louisiana

☆ A Bay Area county gave low-income moms of color $1,000 a month. 2 years later, more families could put food on the table and afford stable housing.
▼ + stars: | 2024-06-21 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

With basic income, families had more housing and food securityUpTogether reported that basic income positively impacted participants' financial stability, well-being, and food and housing security. The percentage of participants with housing stability rose from 45% to 60%, while the participants reported an 8% decline in homelessness. More basic income programs are aimed at parentsMarin County's pilot isn't the only basic program to focus on low-income mothers. A basic income program in New Mexico also gave $500 a month to mixed-citizenship status immigrant families with children. Compared to federal safety nets like SNAP, Medicaid, or rental vouchers, basic income allows families more flexible spending.

Persons: —, Claudia Muralles, San Francisco Bay — Muralles, Muralles, UpTogether, Community Action Marin, Marin County's, Flint, Jesús Gerena, Marin, Gerena Organizations: Service, Marin County , California —, Business, UpTogether, Marin Community Foundation, Marin Housing, Community Action, Children, Child Tax, Local, Medicaid Locations: Marin County , California, San Francisco Bay, Marin, Marin County, America, Flint , Michigan, New Mexico, GBI

☆ Denver gave people experiencing homelessness $1,000 a month. A year later, nearly half of participants had housing.
▼ + stars: | 2024-06-19 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

That changed when Laws enrolled in The Denver Basic Income Project. Denver's basic income project helped participants secure housing and jobsDenver's report found that basic income primarily helped participants pay for immediate expenses — like transportation, hygiene, clothes, and groceries. Basic income puts low-income families on "an equal playing field," Nick Pacheco, participant engagement coordinator, said at a press conference. AdvertisementIndividuals who received the lump sum or $1,000 a month payments were more likely to find a stable, full-time job than before they received basic income. Basic income pilots can provide poverty solutionsAs the basic income pilot continues to be successful in cities like Denver, local leaders and economic security experts are looking to translate pilots into policy.

Persons: —, Laws, Mark Donovan, Nick Pacheco, Pacheco, Moriah Rodriguez, Rodriguez, Dia Broncucia, Justin Searls, Searls, Broncucia, Teri Olle, Donovan, he's, wouldn't Organizations: Service, Business, The, Income, Denver, Colorado Trust, SNAP, Denver Public Schools, Social, Economic Security Locations: Denver, The Denver, Colorado, California, New Mexico, Economic Security California, It's

☆ An Arkansas county doesn't want families to move. It's offering them up to $50,000 to build or renovate their homes.
▼ + stars: | 2024-06-18 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

And, the incentive program is only available to employees of specific companies, like steel producers River Steel, US Steel, and Atlas Tube. Mississippi County's incentive program is part of a recent wave of efforts across rural America to increase populations and local businesses. Related storiesFor Mississippi County, this growing housing demand has provided an opportunity to build their towns and cities. The housing incentive program offers a 10% forgivable loan on a new home construction with a maximum home cost of $500,000, meaning some families can receive up to a $50,000 housing credit. As more families move to or settle in Mississippi County, Scott expects it will have a positive effect on businesses, the school system, and public spaces.

Persons: —, Farmers Bank & Trust Randy Scott, Scott, You'll, you'll Organizations: Service, Business, Farmers Bank & Trust, Steel, US Steel Locations: Mississippi County , Arkansas, Rock, Tennessee, Blytheville, Osceola, Mississippi County, . Mississippi, America, Lincoln County , Kansas, Tulsa , Oklahoma, Columbus , Georgia, Midwest, Mississippi, Missouri , Alabama , Mississippi , Wisconsin , Michigan, Colorado, Ohio, Arkansas

☆ A retired couple gets $23 monthly from SNAP and uses credit cards to buy groceries. They worry about going hungry.
▼ + stars: | 2024-06-17 | by ( Allie Kelly | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Dacus and her husband have to stick to a tight budget: their household only receives $23 a month from SNAP. But some struggling families, like Dacus', don't receive enough help, or their income is considered too high to receive any help at all. But $23 a month in food benefits isn't even close to affording what they need to eat. SNAP benefits don't always align with household needsAmerica's SNAP program provides low-income households with money to grocery shop, and the qualifying criteria is based on the federal poverty line. Yet, many households like Dacus' don't receive the maximum because their income isn't low enough.

Persons: —, Mary Dacus, graham, Stephen, creamer, Dacus, ALICEs, It's Organizations: Service, Foods, Business, Chicago —, Walmart, SNAP, of Labor, Pew Research Center, US Department of Agriculture, Women Locations: Robinson , Illinois, Chicago

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