$500 Stimulus Checks From Guaranteed Basic Income Pilot Program: See Who Qualifies!

Minneapolis residents facing financial challenges will soon receive a much-needed $500 stimulus check as part of the city’s Guaranteed Basic Income pilot program.

Who is eligible for the $500 stimulus check in Minneapolis? (Photo: Wyoming Tribune Eagle)

$500 Stimulus Check From Minneapolis

Launched in June 2022, the $500 stimulus check initiative aims to provide support to families and individuals in meeting their essential needs.

The Minneapolis Guaranteed Basic Income pilot program is designed to enhance financial security for low-income households, 24/7 Wall St reported.

Recipients of the program will receive a monthly $500 stimulus check from Minneapolis until June 2024, enabling them to cover expenses such as rent and food.

The city also encourages recipients to consider using the $500 stimulus check for long-term investments like education, college savings, and vehicle repairs.

The program has selected 200 households to receive these monthly payments, which began in June of last year. This June, another round of checks will be issued to families, with the payment scheduled for this Saturday.

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Who is Eligible to Receive a $500 Stimulus Check?

To be eligible for the $500 stimulus check from Minneapolis, households must have an annual income equal to or below 50 percent of the area median income for the city.

For instance, the qualifying income for a family of two is $46,950, while a family of four must earn $58,650 or less.

Applicants must be 18 years old or older as of January 1, 2022, and reside in one of the designated ZIP codes specified by the program to receive the $500 stimulus check.

They also need to provide evidence of hardship resulting from the COVID-19 pandemic, such as reduced work hours, job loss, increased healthcare expenses, or loss of access to childcare.

Data from the Minneapolis Guaranteed Basic Income pilot program’s website reveals that the majority of recipients are women, accounting for 69% of beneficiaries.

Over 80% of recipients are black, indigenous, or people of color. The average age of recipients is 38, ranging from 18 to 88 years old. In terms of income, 55% of recipients earned less than $19,999 last year.

Household sizes reported by recipients vary from 1 to 9 people, with an average of 3 people per household. Notably, 33% of recipients reported a household size of one, 20% reported a household size of two, 12.5% reported a household size of five, and 1% reported a household size of nine people.

For more details on the Minneapolis Guaranteed Basic Income Pilot program, interested individuals can visit this  link.

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