Guaranteed Income - A Community's Vision for Freedom
- 2 days ago
- 1 min read
The Compton Pledge
The Compton Pledge is a landmark guaranteed income initiative that will distribute recurring cash relief to low-income residents for 2 years, marking the largest city-based guaranteed income pilot in the U.S. The idea of guaranteed income (GI) is simple but powerful: unconditional, direct, and continuous cash payments delivered to all residents to supplement existing welfare benefits. By ensuring that no individual falls below a defined income floor over time, GI creates a true safety net. It enables families to weather crises and government actors and philanthropists to invest directly in the path towards economic justice and reparations.
The case for guaranteed income nationally and in Compton is undeniable. Compton, a city of 95,000 residents, acutely faces many of the issues that have defined the national conversation about racial injustice and structural inequality. Many of Compton’s residents, of whom 30% are Black and 68% are Latino, are either unemployed, poorly paid, or ineligible for government assistance. Upwards of 1 in 5 Comptonians live in poverty–double the nationwide average. Local housing assistance in Compton is at capacity, presenting unaffordable hardships for a city where 46% of residents are renters. In Compton, rates of unemployment have risen to 21.9% since the beginning of COVID-19, and a growing number of residents regularly rely on food pantries.
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