WHat is a guaranteed income?

Imagine, among all the unpredictability of the economy and your wages, you can count on receiving a set amount of income every month to help you meet your basic and urgent needs. This is a guaranteed income. 

 

A guaranteed income is a monthly, cash payment given directly to individuals. It is unconditional, with no strings attached and no work requirements. A guaranteed income is meant to supplement, rather than replace, the existing social safety net and can be a tool for racial and gender equity.