Guaranteed Income Program Provides Stipend To Combat Pandemic Woes

The video discusses a guaranteed income program in Richmond, VA, aimed at helping residents who earn too much to qualify for federal aid but still struggle financially. Peggy Morris, a crossing guard and tutor, shares her positive experience with the program, which provides $500 monthly. The program is funded by the CARES Act and private foundations. Mayor Levar Stoney, who has a personal connection to the issue, supports the initiative as a means to disrupt poverty cycles. The program targets the 'Cliff effect' and aims to provide financial stability to working individuals.

What are the sources of funding for the Richmond Resilience Initiative?

How does Mayor Levar Stoney relate his personal experiences to the goals of the guaranteed income program?