Indianapolis Expands Monthly Cash Program as Cost of Living Rises

A guaranteed income initiative in Indianapolis is expanding to reach more households as economic pressure from housing costs and stagnant wages grows. The Indy East Guaranteed Income Initiative provides selected residents with $500 per month for 18 months with no restrictions on how the money can be used. Organizers say the program has expanded from a small pilot involving 15 families to a larger effort that will reach around 125 households by 2026. Early reports suggest recipients are using the funds to stabilize housing, pay down debt, and search for better jobs. Programs like this continue to fuel the broader national debate about whether unconditional cash payments could form the foundation of a more permanent income floor.

Source - https://www.the-sun.com/money/16052391/americans-automatically-get-monthly-checks-program/