Stimulus check update: Direct payment worth $500 to be sent to Minneapolis residents in five days

A guaranteed income program in Minneapolis will send its next payment to recipients in five days.

The payment is a part of the Minneapolis Guaranteed Basic Income Pilot, which began in June 2022 and is expected to continue paying recipients monthly cash payments through June 2024. A total of 200 households were selected to receive payments from this program, and they can spend the $500 payments in whatever way suits them best, according to the city’s website.

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To have been eligible for this program, an applicant had to be 18 years old by Jan. 1, 2022, have an annual income at or below 50% of the area median income for Minneapolis, and live in one of several zip codes specified by the program. Additionally, applicants had to have been affected by the COVID-19 pandemic. Qualifying instances included losing a job, having higher health expenses, or losing access to child care.

The project manager for this guaranteed income program told the Washington Examiner that payments for this program are processed on the 20th of every month, and all participants receive $500 every month. The program is being evaluated by the Minneapolis Federal Reserve, according to the project manager.

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Regarding demographics of this program, recipients are mostly either black, indigenous, or people of color at 80.5%. The other recipients, at 19.5%, are either white or non-Hispanic. Additionally, 69% of the program’s recipients are women, and 42.5% of all recipients are between 30 and 39.

About a third of households receiving money from this program have just one person in their household.