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Oakland, California, is about to become the latest city to distribute free money to its residents.
Mayor Libby Schaaf announced Tuesday that the San Francisco Bay Area city has officially launched a basic-income pilot that will give $500 monthly payments to 600 low-income families for 18 months. Recipients can spend the stipends however they like.
The families will be selected randomly, but they will all be Black, indigenous, or people of color, and must earn 50% of the city’s median income or less: about $59,000 per year for a family of three. At least 300 spots details ⇒
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