Positive Impact on Mental Well-being: Reduced Depressive Symptoms and Stress Among Participants
Guaranteed El Monte’s Income Guarantee Program Enhances Housing Stability and Economic Resilience
According to the published article of heysoca, the latest evaluation study of El Monte’s income guaranteed income program, conducted in collaboration with the RAND Corporation and USC Sol Price School of Public Policy has revealed promising outcomes for participants. Launched in April 2023 amidst the economic strains caused by the COVID-19 pandemic, the pilot program aimed to provide $500 in monthly assistance to 125 eligible residents, predominantly female heads of households with children under 18, experiencing financial hardship. The preliminary findings from surveys and focus groups indicate significant improvements in various aspects of participants’ lives, including reduced depressive symptoms, stress, anxiety and economic strain along with enhanced housing stability.
READ ALSO:$14.4 Million Apple ‘Batterygate’ Settlement For Canadian IPhone Users
Promising Results Emerge from El Monte’s Income Guarantee!(PHOTO: BridgeDetroit)
Global Consistency in Positive Outcomes from Income Guarantee Programs
Dr. Emma Aguila, an associate professor at the Sol Price School of Public Policy and adjunct senior economist at the RAND Corporation, highlighted the alignment of these findings with similar guaranteed income programs globally. Direct financial assistance has proven to yield tangible and positive outcomes particularly for vulnerable populations such as women and children disproportionately affected by the pandemic. City Manager Alma Martinez expressed the city’s commitment to supporting residents through innovative initiatives like the guaranteed income pilot program emphasizing its potential for social and economic empowerment. As the program progresses participants will benefit from financial literacy workshops and further assessments will be conducted to gauge its long-term impact affirming El Monte’s income dedication to fostering community well-being and resilience.
READ ALSO: SNAP Approval: Over 225,000 Texans Wait For Assistance!
