Chicago’s $31.5 million guaranteed income pilot program has kicked off with slightly more than 5,000 households receiving their first payments, Mayor Lori Lightfoot announced Tuesday.
Most of the recipients are women, about 7 in 10, and a majority are Black. Participating households’ median annual income is $14,000, according to a news release on the program., the recipients were selected by lottery from more than 176,000 applicants earlier this year and are receiving $500 a month for 12 months.
The city said 71.1% of recipients are women, while 75.6% live in an economically distressed community, 62.5% are caregivers, 9% are homeless or experiencing housing instability and 60.2% live in poverty, with 36.7% earning below 50% of the federal poverty line. The median household size of pilot participants is two, and the median age is 39. More than three-quarters are renters, and the most common COVID-19 impacts they suffered have been lost wages or chronic unemployment, with more than one-third of them experiencing at least one of those issues.
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