Philadelphia’s Philly Joy Bank has initiated a guaranteed income initiative, offering $18,000 distributed over a period of 18 months to pregnant women residing in specified neighborhoods.
Philadelphia’s Innovative Initiative Aims to Improve Birth Outcomes Through Direct Financial Support
Philadelphia’s Philly Joy Bank has launched a guaranteed income program for expectant mothers in three neighborhoods. Participants receive $18,000 over 18 months, starting in the second trimester, with no spending restrictions. The program includes financial counseling, home visits, and lactation support to improve health outcomes and aims to reduce infant mortality rates by meeting basic needs directly, according to the report of The US Sun.
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(photo: Philadelphia Health Partnership)
The Philly Joy Bank’s Program Details and Impact on Maternal and Infant Health
Eligibility requires applicants to be at least 18 years old, pregnant between 12 and 24 weeks, and residents of Nicetown-Tioga, Strawberry Mansion, or Cobbs Creek. Participants are selected randomly every two weeks through a lottery system to ensure fairness. They can choose to receive payments via direct deposit, prepaid card, Venmo, or PayPal, offering flexibility in managing their finances.
The program from Philly Joy Bank represents a significant initiative aimed at addressing disparities in maternal and infant health in Philadelphia. It provides financial stability and supportive services to families during pregnancy and early parenthood empowering them effectively.
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