$250 stimulus check to be sent in one week.

A Guaranteed Income Program in New Jersey: Next Payment Coming Soon!

A guaranteed income program in the state of New Jersey is gearing up to issue its next payment in just one week. This exciting initiative aims to provide financial support to recipients who are part of the Newark Movement for Economic Equity program.

The upcoming payment is worth a generous $250 and will be distributed to 200 out of the 400 program recipients. Mark your calendars for July 1, as that’s when these lucky individuals will receive their much-needed funds.

The Newark mayor’s press secretary revealed that the payment schedule varies for the recipients. Half of them receive smaller payments twice a month, while the other half receive larger payments once every six months. This ensures that the program caters to the diverse needs of its participants.

Improving Lives and Building a Stronger Community

“We’ve helped people to avoid eviction, supported residents in their recovery from COVID-related hospitalizations, and provided funds for families to stabilize themselves during times of economic turmoil. We’ve even put clothes on their kids’ backs,” stated Kevin Callaghan, the Newark philanthropic liaison.

Callaghan also mentioned that the formal results of the program will be released in 2024 by their research partner, the Center for Guaranteed Income Research at the University of Pennsylvania. Participants in the program complete detailed surveys twice a year, assessing various aspects of their lives such as physical health, mental well-being, financial security, and housing stability.

How Recipients Utilize Their Payments

According to Callaghan, 41% of program participants spend the money they receive at retail stores, purchasing clothing, food, and other necessities. Another 26% choose to spend their funds at grocery stores. Additionally, 10% allocate their funds towards housing and utilities, while 9% utilize the money for transportation and car expenses.

If you’re curious about the payment schedule, here’s what you need to know. Recipients who receive smaller payments twice a month can expect their funds on the 1st and 15th of each month. On the other hand, those who receive larger payments twice a year will receive their funds in May and October.

This incredible program was launched in October 2021 and is set to conclude this October. It aims to make a positive impact on the lives of its participants and create a more equitable society.

For more information about this program, please visit the program’s website.

Source: The Washington Examiner

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