Guaranteed Income: Can no-strings-attached payments help solve poverty in the Bay Area?

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Guaranteed Income: Can no-strings-attached payments help solve poverty in the Bay Area?
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A new report finds monthly payments of $500 to $2,000 could help thousands of South Bay households gain financial stability.

More than a quarter of Santa Clara County families struggle to afford their basic needs. To lift thousands of them out of poverty, a new study recommends guaranteed monthly payments — with no strings attached.

Advocates for unconditional cash payments say providing low-income residents with money to use as they see fit provides true financial independence, empowering them to avoid debt and find better jobs. Figone, 28, makes around $50,000 a year as a restaurant manager and lives with extended family to save on housing expenses. But even another $1,000 a month likely wouldn’t be enough to get a place of their own in the Bay Area, where the typical rent for a two-bedroom apartment tops $3,400 a month.

To comfortably afford Santa Clara County, a family of three with an infant needs to make at least $115,599 a year, with more than two-thirds of that amount going towards housing, child care and taxes, according to the report. But a monthly $1,000 payment would lower that needed income to $99,809, in large part by diminishing the family’s tax burden.Critics of the programs, however, argue such efforts erode the incentive to work and question where the government would get the money.

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