New York City is preparing to\u00a0roll out a guaranteed income program that will provide $15,800 per person to disadvantaged residents.<\/p>\n
What Happened<\/strong>: The\u00a0New York City Council\u00a0has set aside $1.5 million in its 2026 budget for a new initiative titled \u201cCash with Care.\u201d The program is aimed at assisting residents grappling with housing insecurity.<\/p>\n As per the council report<\/a>, the main goal of this\u00a0guaranteed income program is to\u00a0support young individuals transitioning from homelessness by offering a consistent, flexible income and comprehensive services.<\/p>\n Under the initiative, 60 young New Yorkers aged 18 to 24 who are currently living in homeless shelters or similar facilities will be selected.<\/p>\n Participants will receive a monthly cash stipend of $1,200 for nine months, along with a one-time $5,000 payment that can be accessed at any point during the first nine months of the 12-month program.<\/p>\n Also Read: Elon Musk\u2019s Father Says America Will Collapse if White Population Becomes Minority: \u2018You Want To See the US Go Down?\u2019<\/a><\/p>\n The “Cash with Care” program is a joint initiative of the City Council and the youth homeless shelter Covenant House New York.<\/p>\n It follows a similar effort launched by the New York City Council to support expectant women experiencing homelessness.<\/p>\n Why It Matters<\/strong>: The introduction\u00a0of the guaranteed income program\u00a0by\u00a0the New York City Council\u00a0is a significant step towards addressing the issue of housing insecurity. By providing a steady income to disadvantaged residents, the program aims to alleviate the financial burden faced by these individuals and aid in their transition from homelessness.<\/p>\n The success of this initiative could potentially pave the way for similar programs in other cities, contributing to a broader effort to combat homelessness and housing insecurity across the nation.<\/p>\n Read Next<\/p>\n Trump Targets NYC Judges and E. Jean Carroll Ahead of Hush Money Case Sentencing<\/a><\/p>\n UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily<\/strong><\/a>, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.<\/p>\n Get the latest stock analysis from Benzinga:<\/p>\n This article Guaranteed Income Is Coming to NYC in 2026 \u2014 Here’s What It Means<\/a> originally appeared on Benzinga.com<\/a><\/p>\n \u00a9 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"New York City is preparing to\u00a0roll out a guaranteed income program that will provide $15,800 per person to…\n","protected":false},"author":3,"featured_media":475699,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,5310,215601,215600,32459,153131,405,403,6640,5226,5225,5228,5227,67,586,132,5230,68,2969],"class_list":{"0":"post-475698","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-city-council","10":"tag-disadvantaged-residents","11":"tag-guaranteed-income-program","12":"tag-homeless-shelters","13":"tag-housing-insecurity","14":"tag-new-york","15":"tag-new-york-city","16":"tag-new-york-city-council","17":"tag-newyork","18":"tag-newyorkcity","19":"tag-ny","20":"tag-nyc","21":"tag-united-states","22":"tag-united-states-of-america","23":"tag-unitedstates","24":"tag-unitedstatesofamerica","25":"tag-us","26":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115793614807521206","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/475698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=475698"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/475698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/475699"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=475698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=475698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=475698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}