By Carlos Correa | 12 December 2018
CBS — A special letter mail carriers are delivering to hundreds of homes in Stockton will hopefully bring a little financial relief in the New Year.
The money is part of the city’s basic income pilot program. Stockton is the first city in the country to launch it.
The letter 1,200 people will be receiving over the next few days does not mean people will automatically receive money but it brings them closer to potentially being selected. … Stockton Economic Empowerment Demonstration program (SEED) is sending letters to people who may be eligible to get $500 a month with no strings attached. …
A team of independent researchers will pick 100 people to receive the money. The purpose is to study how an extra $500 a month impacts people’s health and stress level. Researchers are also looking to see if people feel financially secure. […]
Winter Watch Editor’s Note: The population of Stockton, California, is 40.9% Hispanic, 21.1% Asian, and 20.9% White. 45% of the people in Stockton, CA speak a non-English language, and 87.1% are U.S. citizens. Stockton has a population of 307,057 people with a median age of 32.5 and a median household income of $49,271.