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☆ Half of Americans would take a pay cut to work remotely — and many are willing to give up vacation days, survey finds
▼ + stars: | 2024-03-13 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Many workers are willing to take pay cuts, increase working hours, or give up benefits for remote work. AdvertisementIt turns out that remote work is still valuable — at least for prospective employees. And they're willing to pay for that ability: Half of workers surveyed said they would take a pay cut for the policy. AdvertisementA majority of workers also reported being willing to move elsewhere for work if given the chance to work remotely. AdvertisementJay, an elder millennial, previously told Business Insider that he took a $35,000 pay cut so he wouldn't have to live near his office.

Persons: —, they'd, Millennials, that's, Nick Bloom, Jay, Insider's Aki Ito Organizations: Service, Stanford, WFH Research, Workers, Harvard Locations: Washington

☆ How a single mom with four kids who drives for DoorDash and Walmart Spark struggles to make ends meet: 'It is a never-ending vicious cycle'
▼ + stars: | 2024-03-12 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Bri, a single mom of four, is struggling to make ends meet driving for DoorDash and Walmart Spark. Bri turned to gig driving after a knee injury made her previous job at an Amazon warehouse untenable. Gig driving with a disabilityBri was a business owner in home healthcare, but once the pandemic struck, she lost access to many of her clients. She was unsure how long Amazon's disability payments would last, and gig driving was one of her only options. She's driving her daughter's car after she wrecked hers a few months ago.

Persons: Bri, —, aren't, Lyft, Uber, DoorDash, She's, GrubHub, she's, hasn't, there's, I've Organizations: DoorDash, Walmart, Service, Business, Doordash, Amazon, Down, UPS Locations: Fort Worth , Texas, New York City, Galveston, Texas, bam, DoorDash

☆ 10 cities with the lowest salaries needed for a comfortable life — 4 of the top 5 are in Texas
▼ + stars: | 2024-03-12 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Texas cities Houston, El Paso, and Lubbock require the lowest salaries for comfortable living. New York City has the highest salary to live comfortably, followed by many in California. AdvertisementResidents of Houston, El Paso, and Lubbock, Texas, require the lowest salaries to live comfortably, a new SmartAsset analysis found. Lubbock came in third at $75,739 a year for a single adult. Other cities in the top 10 included Milwaukee, Tulsa, and Cleveland, which all have hourly wages below $40 for a single adult.

Persons: —, Houston, Francisco Organizations: New, Service, Texas — El Paso, Lubbock Locations: Texas, Houston, El Paso, Lubbock, New York City, California, Houston , El Paso, Lubbock , Texas, Payscale, Texas —, Milwaukee, Tulsa, Cleveland, Jose, Irvine, Santa Ana, Texas , Tennessee, Oklahoma

☆ The biggest perk of gig work might also be its downfall
▼ + stars: | 2024-03-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Many gig drivers lured by the flexibility of gig work say the flexibility of their job is often limited. AdvertisementMany drivers for Uber, Lyft, and other rideshare and delivery apps say they value the flexibility of gig work over any other component. AdvertisementMany part-time drivers have previously told BI they value gig driving for the ease with which they could supplement their core income. Some drivers told her they would work 16-hour overnight shifts on weekends to find higher-paying, better-tipped rides. "Uber and its peers appeal to workers with oodles of promises that workers can hold the power to control their work hours.

Persons: —, Uber, Sergio Avedian, Guy, Avedian, Lyft, Uber hasn't, Lindsey Cameron, Cameron, you've, Laura Katsnelson, Felix Oberholzer, Gee, Katsnelson, Katie Wells, Wells Organizations: Uber, Service, Business, Wharton School, Unit, Harvard Business School, Workers, Georgetown University Locations: Jacksonville , Florida, Los Angeles

☆ No partner? No problem. People are joining forces with friends to afford to buy a house
▼ + stars: | 2024-03-09 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

Read previewElisa Ball and John Williams bought a house in Florida last year. Though they dated from 1997 to 2009, Ball and Williams are now just friends. As a result, people like Ball are buying homes with friends. I bought every single property with friends, and that was the only way I could get started. You must make sure you trust who you're buying withMaking a purchase as large as home is always risky.

Persons: —, Elisa Ball, John Williams, Williams, Ball, haven't, Bonds, cobuyers, who've, Jordan Pandy jpandy@businessinsider.com, Kristina Modares, she's, Austin, Steph Douglass, Modares, Austin Modares, they're, Noah Sheidlower Organizations: Service, Business, Open Locations: Florida, Palm Bay, West Palm, South Florida, Boca Raton, Austin, San Antonio

☆ A boomer couple who moved from Minnesota to Florida said they 'lost pretty much everything' in a hurricane but don't regret the move
▼ + stars: | 2024-03-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

A boomer and her husband moved to southwest Florida from Minnesota to start her clothing business. They moved to southern Minnesota, then northern Minnesota to an off-the-grid cabin an hour north of Duluth. They knew northern Minnesota was not conducive to starting a business, so they considered Florida an ideal location. She said she's also adjusting to the fishing scene in Florida, which is mainly saltwater, compared to freshwater fishing in Minnesota. Despite all she's been through, Pelton thinks she'll stay in Florida for the time being — the only other place she's considering is India.

Persons: it's, —, Barbara Pelton, Little, Ian, Minnesota Pelton, she's, Pelton, she'll Organizations: Service, Survey, Sunshine State, Minnesota, FEMA, Day, Labor Day Locations: Florida, Minnesota, Hurricane, Duluth, snowstorms, India

☆ Miami Beach to spring breakers: Respect curfews and closed beaches, or go somewhere else
▼ + stars: | 2024-03-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Miami Beach has launched an ad campaign "breaking up" with spring break tourism. Last year, two people were fatally shot during spring break, leading Miami Beach to declare a state of emergency. Police made 573 arrests in Miami Beach last spring break, as well as confiscated over 100 guns, The Wall Street Journal reported. Though many travelers have already made plans — and may not have seen the ad campaign — the "breakup" could reduce disorder. Still, some commenters on YouTube and X noted that these restrictions may not stop spring break travelers from coming.

Persons: —, it's, Dan Gelber, Miami Beach Mayor Steven Meiner Organizations: Miami Beach, Service, YouTube, Police, Street Journal, Miami Beach's, Beach, Miami Beach Mayor Locations: Florida, Miami, Miami Beach

☆ Many single parents who drive for apps like Uber and Lyft say it's their best option — but they still can't pay their bills
▼ + stars: | 2024-03-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

AdvertisementFlexibility can be an illusionMost single parents with whom BI spoke said they valued the flexibility gig work gives them. Some single parents with disabilities said being able to take days off has helped them stay healthier and avoid burnout. This means that a higher percentage of single parents' earnings goes toward childcare costs, pushing some away from using childcare entirely. "These fluctuations and discrepancies can be devastating to individuals who don't have other mechanisms to make money, including single parents who are often operating on a single income," Greening said. AdvertisementIt's not easy for parents with older childrenThe issues single parents face still linger for those with older children.

Persons: Bri, Uber, Dara Khosrowshahi, Lyft, Uber hasn't, Susan, she's, Lindsey Cameron, Cameron, Cindy Lehnhoff, Lehnhoff, Bryant Greening, Greening, Starla, She's, Genesis, Paul, he's, It's humbling Organizations: Service, DoorDash, Walmart, Business, Wharton School, National Child Care Association, BI, Uber, Security Disability Insurance, Arizona State University Locations: Fort Worth , Texas, Grubhub, bam, Ohio, Jacksonville , Florida, Atlanta, Las Vegas

☆ A boomer couple 'couldn't get out of California fast enough' and moved to Kansas for retirement. Living costs are cheaper, and making friends is much easier.
▼ + stars: | 2024-03-05 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

A boomer and his wife moved to Kansas after living in California for 50 years. He and his wife sold their house for $1.4 million and bought a historic Kansas home for under $400,000. He said it's much easier to make friends in Kansas, and the cost of living is much lower. In 2020, he and his wife sold their home and moved to a suburb of Kansas City. While the California to Texas and California to Arizona routes were the most popular, over 5,500 people moved from California to Kansas between 2021 and 2022.

Persons: —, Mike H, Mike, couldn't, didn't, let's, we'd Organizations: Service, downtown, Kansas City, Westwood, Kansas -, Kansas, National Register of Historic Places Locations: Kansas, California, Kansas City, Texas, Arizona, Minneapolis, Noe, downtown San Francisco, Phoenix, Reno, Kansas - Missouri, Bay, Minnesota

☆ People love hanging out with friends who they think make less than them
▼ + stars: | 2024-03-04 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

People who believe they have a higher income than their peers are more likely to socialize. AdvertisementPeople who think they have a higher income than their peers are more likely to socialize with them, contributing to greater happiness, new research found. A February NBER working paper found that those with higher perceived relative income increased their time spent with peers. Despite some uncertainty, some evidence suggests those with a higher relative income become more engaged in sports and community events. Changes in spending following from changes in perceived relative income could also drive changes in happiness."

Persons: —, Bernardo Candia Gonzalez, causally, they're Organizations: Service Locations: Netherlands

☆ Why Republicans are fighting the basic-income programs many cities and states are adopting: 'Is money a birthright now?'
▼ + stars: | 2024-03-03 | by ( Noah Sheidlower | Allie Kelly | ) www.businessinsider.com time to read: +9 min

Read previewAs guaranteed basic-income programs get more popular, opposition is also on the rise. Several lawmakers, like Arizona's Gillette, believe that income programs would discourage work and could raise taxes. A recently introduced bill in South Dakota would ban basic-income programs at the state level and prevent municipal governments from creating local programs. AdvertisementDespite opposition, basic-income program participants have seen benefitsPilot income programs have remained divisive with policymakers, but several major cities have seen positive results. In 2020, former Twitter CEO Jack Dorsey pledged $15 million to Mayors for a Guaranteed Income, which helped 25 cities and towns nationwide begin basic-income programs.

Persons: —, Dia Broncucia, Justin Searls, John Gillette, Gillette, Arizona's Gillette, Lupe Diaz, Steve Holt, Skyler Wheeler, Sen, John Wiik, Paul Bettencourt, Bettencourt, Harris, I've, Ivanna Neri, Neri, UpTogether, Tony Evers, Austin, Stephanie Hendon, Louis, Jack Dorsey, Mark, Anthony Middleton Organizations: Service, Business, Income, Austin, BI, Republican, Republicans, GOP, Social Security, Iowa GOP, Houston Public Media, Gov, Madison Forward Fund, Madison Locations: Denver, Arizona, Arizona , Iowa, South Dakota , Texas, Wisconsin, Phoenix, Iowa, South Dakota, Texas, Houston, UpTogether, Harris, Madison, Minneapolis , Northern Virginia, Boston, St, Oregon, Durham

☆ How much living space $1 million buys around the world
▼ + stars: | 2024-03-01 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +1 min

Monaco is the most expensive market for prime property, costing over $5,800 per square foot. Knight Frank released its annual wealth report and looked at high-end real estate around the world. Hong Kong, Singapore, London, Geneva, and New York also ranked high for expensive prime property. AdvertisementIn Monaco, where you would need nearly $12.9 million to be in the top 1%, a square foot in a prime property costs over $5,800. Knight Frank defined prime property as "the most desirable and most expensive property in a given location, generally defined as the top 5% of each market by value."

Persons: Knight Frank, — Organizations: Monaco, Service, Business Locations: Hong Kong, Singapore, London, Geneva, New York, Monaco

☆ How much wealth you need to be in the top 1% in countries around the world
▼ + stars: | 2024-02-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Americans need a minimum net worth of $5.8 million to be in the top 1% of US wealth. The number of ultra-high net worth individuals globally is expected to surge by 28% by 2028. AdvertisementAmericans need at least $5.8 million in net worth to be in the top 1% of wealth in their country — less than half of the 1% cutoff for Monaco. Wealth as measured by Knight Frank includes investments, cash, and assets such as residences. In 2022, the median net worth for the top 10th percentile was $2.56 million, whereas net worth was just $14,000 for those in the bottom 20th percentile.

Persons: —, Knight Frank, Liam Bailey, Frank, Bailey Organizations: Service, Monaco, US, Federal Reserve's Survey, Consumer Finances, Bank Locations: Monaco, Luxembourg, Switzerland, North America, India, China

☆ Americans are moving a lot less — and boomers may be to blame
▼ + stars: | 2024-02-28 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

Fewer Americans are moving within the US, and boomer homeowners in more expensive states may explain why. Over the last few decades, US internal migration has fallen substantially. Census data shows internal migration has slowed since the 1970s amid deindustrialization and a weaker economy. "This suggests that declining internal migration is due to changes in structural aspects of migration choice, which affect individuals and families of many different backgrounds," the authors wrote. Net migration has been strongest out of California, Illinois, Massachusetts, New Jersey, and New York, which have relatively high wages and housing prices.

Persons: William Olney, Owen Thompson Organizations: Williams College, Business, Sun Belt Locations: California, New York, Northeast, Midwest, Northwest, Southwest, California , Illinois , Massachusetts , New Jersey, Georgia, North Carolina , Tennessee, Texas, California , New York, New Jersey, Florida , Nevada, Arizona

☆ Meet the typical mover to Austin: Single millennial renters making $76,000 a year coming from California
▼ + stars: | 2024-02-25 | by ( Alcynna Lloyd | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Read previewJasmine Cambridge, a 25-year-old steakhouse server with aspirations of working in marketing, moved from Atlanta to Austin in 2023. Over 14,100 movers to Austin came from California, while nearly 4,900 moved from New York. AdvertisementA majority of movers to Austin from other states were white, making up 52% of movers, while Hispanic individuals account for 23.1%. Less than half of Americans moving to Austin are married — 43.2% — while 45.6% are single or unmarried. Census data shows that about 74.26% of movers to Austin are renters, while 25.74% are homeowners.

Persons: —, Jasmine Cambridge, Austin, I've, Austin —, Jasmine Cambridge Pengyu Cheng, Cheng, Pengyu Cheng, it's, Tesla, They've, Gen Z Organizations: Service, Business, Apple, Google, Oracle, Austin, Survey, University of Minnesota's, Census, Redfin Locations: Atlanta, Austin, Cambridge, San Francisco, California, Pengyu, Texas, New York . Florida , Oregon, Washington

☆ Texas secessionists are becoming more fervent than ever. But experts say it would mess up its thriving economy.
▼ + stars: | 2024-02-25 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +9 min

Daniel Miller, a sixth-generation Texan, is the de facto face of the modern Texas Nationalist Movement, nicknamed "Texit." But they get a lot of it back: federal dollars account for one-third of the Texas state budget, according to the budget and policy nonprofit Every Texan. "And I think the romance of some general notion of Texas independence wears off pretty fast if people were to start considering it seriously." A Just Russia Party Supports Independent Texas Republic"If necessary, we are ready to help with the independence referendum. The first step for Texas to become independent, the secessionists say, would be a statewide referendum.

Persons: —, Daniel Miller, Miller, Walter Buenger, Eva DeLuna, Noah Sheidlower, Buenger, SCOTUS, James Henson, Dmitry Medvedev, Sergei Mironov, XNlDlW2RmI, James Porrazzo, Henson, there's, Andres Leighton, Greg Abbott's Organizations: Service, Texas Nationalist, Texans, Business, University of Texas, Democrat, Texas, Texas GOP, Critics, White, Union, Texas Politics, Wired, Russia Party Supports Independent, Texas People's, Lone, Texas National Guard, Texas Gov, Texas Legislature, Redfield, Wilton Locations: Texas, Austin, California, La Marque , Texas, , Texas, Russian, Republic, Texas People's Republic, Russia, Mexico, Civil, El Paso , Texas, United States

☆ Tulsa offered remote workers $10,000 to move there. The results show how the program shook up the local economy — and what the future of smaller cities could look like.
▼ + stars: | 2024-02-25 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

At the end of 2022, Tulsa Remote had brought in almost $307 million in direct labor income to the economy, according to Tulsa Remote. For every two Tulsa Remote members who move to the city, three more come with them. But what happens to the rest of the economy when remote workers come to town? Remote workers coming to town benefited high-skilled local service workers — workers who have at least some college education — more, per the research, since they had more variety in local goods to choose from and consume and are making more money. “There are people who definitely get more benefit out of it, like homeowners or the local service sector workers,” Yoo said.

Persons: that's, Hoyoung Yoo, Justin Harlan, Yoo, ” Yoo, That’s, “, ”, Parker Vincent, ” Vincent, There’s, “ I've, Noah Sheidlower, Laura Landers, Harlan, Tulsa Remoters, —, didn't, ” Harlan, Vincent, ’ Organizations: Tulsa Remote, Tulsa, Brookings, of Economics, University of Wisconsin Locations: Tulsa , Oklahoma, Tulsa, Madison, ”, Los Angeles, —

☆ Austin gave low-income residents $1,000 a month with no strings attached. One participant said the payments helped her get her first permanent apartment.
▼ + stars: | 2024-02-24 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

The program provides $1,000 monthly to low-income families, who spent much of their payments on housing. She applied for the Austin Guaranteed Income Pilot, which gave 135 low-income families $1,000 monthly with funding from the City of Austin and philanthropic donations. An analysis by the Urban Institute think tank found that participants predominantly spent their $1,000 payments on housing and food. Still, the Austin pilot — and dozens of others nationwide — have not been entirely successful for every participant. I'm working, and when I got down here, I landed a job within a month," Hendon said.

Persons: Stephanie Hendon, —, Austin, Jessica Nairns, Ivanna Neri, Hendon, bachelor's, Stephanie Hendon Stephanie Hendon, We're, didn't, I'm Organizations: Austin, Service, Urban Institute, Hendon Locations: Austin, City of Austin, Texas, Austin's, UpTogether, Detroit, Hendon, Michigan

☆ A single mom who drives for Uber Eats and Amazon Flex said she sometimes works 16 to 18 hours a day to provide for her kids
▼ + stars: | 2024-02-22 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Starla, a single mother, is struggling to make ends meet driving for Uber Eats and Amazon Flex. Gig driving is a popular income source for single parents, but earnings are inconsistent and often low. AdvertisementStarla, 27, sometimes has to drive 16 hours a day for Uber Eats to make ends meet as a single mother raising an eight-year-old in Jacksonville, Florida. It’s super discouraging, but you have to do what you have to do.”Driving for Uber Eats and Amazon FlexStarla began driving for Uber Eats and Amazon Flex two years ago. She couldn’t immediately find another job, so she tried to figure out some strategies to make gig driving work for her.

Persons: Uber, Starla, —, she’s, ” Starla, Lyft, “, ’ ” Starla, couldn’t, “ Uber, ”, ’ it’s, She’s, “ I’m Organizations: Service, Business, Flex, ”, Walmart Locations: Jacksonville , Florida

☆ A 79-year-old and her 86-year-old husband moved from New York to a retirement community in North Carolina. They're more social, but services in the area are lacking.
▼ + stars: | 2024-02-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

It’s allowed them to be more social and take life easier, though it has taken some time to adjust to North Carolina. The cost of living was not a major consideration, though they figured North Carolina would be comparably cheaper. They paid about $600,000 for the 2,400-square-foot home in North Carolina with three bedrooms and three bathrooms. She’s noticed the food in North Carolina is not as fresh, with smaller produce sections and lots more frozen and pre-prepared foods. She added that there’s also a tax on grocery food in North Carolina and none in New York, and she estimates she’s paying more in North Carolina on groceries.

Persons: —, Linda Beyer, It’s, “, ” Beyer, there’s, ”, York Beyer, Beyer, “ It’s, we’re, hasn’t, we’ve, it’s Organizations: Service, Raleigh, Business, Bureau, Survey, New York, York, IBM, Rotary Club, Duke University Hospital Locations: New York, Hudson, Durham, North Carolina, New York State, Poughkeepsie, Ohio, Washington, Carolina, “, Virginia

☆ A boomer moved back to Virginia after living in Florida for a decade. She said she would 'never own another home' in the Sunshine State and loves the slower pace of life.
▼ + stars: | 2024-02-19 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Nancy, a 68-year-old retiree, moved back to Virginia from Florida due to escalating costs and the heat. “There’s so much you don’t know about living in Florida and owning a home in Florida until you’re actually living it,” Nancy said. The Census Bureau’s 2022 American Community Survey found that between 2021 and 2022, nearly 23,800 people moved from Florida to Virginia, while almost 33,000 moved from Virginia to Florida. AdvertisementNancy moved with her husband to Cape Coral 11 years ago after four of her five kids moved there. They settled on Cape Coral for the beach access and warm weather, and for the first few years, they made the most of their time there.

Persons: Nancy, —, aren’t, Virginia —, “, you’re, ” Nancy, “ I’m, isn't, ”, Hurricane Ian, Virginia Nancy, it’s Organizations: Service, Sunshine State, Virginia Tech, Bureau, Survey, Florida —, Cape Coral, Coral, Insurance Information Institute, Hurricane, Radford University Locations: Virginia, Florida, Nancy, Cape Coral, Georgia, Texas, Northern Virginia, Fairfax County, Cape, New Hampshire, Virginia Tech, Coral

☆ Arlington, Virginia, gave $500 to low-income families no strings attached. It helped them catch up on bills, but many still struggle to afford housing.
▼ + stars: | 2024-02-17 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

For the 10% of households making under 30% of the county's median income, median living expenses are about three times what they earn. AdvertisementCompared to the control group that didn't receive payments, participants had significantly better employment outcomes. While the percentage of employed control group families stayed the same at 74%, the participants’ employment rate jumped from 75% to 87%. When looking only at employed participants, median income rose from $1,573 to $1,900 per month. When factoring in other sources of income, such as Social Security or child support, the control group’s income rose 40% while the participants’ income rose 84%.

Organizations: Service, Arlington Community Foundation, Arlington County Department of Human Services, Business, Economic Research Institute, Security Locations: Washington, Arlington , Virginia, Texas, South Dakota, Arlington, American, Arlington County

Last October, 21% of the roughly 1,000 Americans surveyed by Gallup said the economy was “getting better,” according to survey data provided to BI. Forty-two percent of respondents said they trusted Donald Trump more than Biden to handle the economy — 31% trusted Biden over Trump. It could mainly be Democrats who are feeling better about the economyThere could be several reasons Americans’ growing optimism about the economy improving hasn’t translated into better polling for Biden. Republicans also seemed more optimistic, with their sentiment growing by nearly 10 points from January to February. The last time Democrats’ sentiment was about as low as Republicans’ February level was in the late summer of 2020.

Persons: —, Joe Biden, Joe Biden’s, Donald Trump, Biden, he’s, Paul Krugman, hasn’t Organizations: Service, Business, University of, Gallup, BI, Financial Times, University of Michigan, Biden, Trump, ABC, Republicans Locations: Michigan

☆ 3 signs the economy is thriving — and 3 red flags to monitor
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +10 min

Positive labor market data and GDP growth support this, but job opportunities in some sectors are down. Not all job data is positive, with job openings falling from their post-pandemic highs. Below are some of the signs the economy is thriving, as well as some warning signs. Labor market data is mostly positiveThe labor market is still stable despite gradually slowing, Kimbrough said during the forum. "I think the investment side of our economy is going to start to chip away a little bit at the discretionary consumption weight in our economy."

Persons: —, Marc Giannoni, LinkedIn's Karin Kimbrough, Charles Schwab's Liz Ann Sonders, Giannoni, Kimbrough, Jerome Powell, Powell, NerdWallet's Elizabeth Renter, Sonders, They're, there’s, there's, — Kimbrough, it’s Organizations: Federal, Service, Barclays, NYU Stern Economic, Labor, Conference, University of Michigan's, Market Committee, Health, New, New York City Housing Locations: York, New York City

☆ Austin gave people $1,000 a month with no strings attached. One participant said the money helped her get by — but she's still struggling to get housed.
▼ + stars: | 2024-02-15 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

As a participant in the Austin Guaranteed Income Pilot , she received $1,000 monthly for a year between August 2022 and August 2023 to help her “survive more comfortably,” she said. Though, the program didn’t fix all her issues and she hasn’t gotten back on her feet after losing her job. AdvertisementThe Austin program and a new program in Harris County , home to Houston, have been met with resistance from politicians who allege these programs are unconstitutional. Joining the Austin Basic Income PilotNairns said she learned about the Austin Basic Income Pilot through another organization called the Austin Area Urban League, which helps low-income families. While still receiving payments, she was laid off at Austin Mutual Aid, losing her housing and car the same day.

Persons: —, Jessica Nairns, She’s, ”, hasn’t, ” Nairns, “, Austin, Ivanna Neri, Neri, ” Neri, Nairns, wasn’t, “ I’m Organizations: Service, Business, Austin, Urban Institute, Austin Mutual Aid, Austin Area Urban League, ” Locations: Austin, City of Austin, Texas, UpTogether, Washington, DC, Harris County, Houston, Dallas, Ohio

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