Since many families are still struggling financially as a result of the COVID-19 outbreak, several US states have made the decision to establish longer-term financial aid programs.
These states have chosen to give $500 stimulus checks each month to certain demographic groups—mainly low-income individuals—in order to assist them in covering their daily costs through 2024.
The states that have put these programs in place are trying to provide a more reliable and long-lasting safety net because they understand that the economic effects of the pandemic are still being felt.
California’s financial assistance programs
California has launched a number of initiatives aiming at improving the economic circumstances of families by offering monthly cash support to various areas and regions.
For example, starting in 2024, the Long Beach Pledge program will give $500 per month for a year to 200 Long Beach low-income families with children. The goal of this program is to provide these families with financial relief and assist them in laying a stronger foundation for their future.
In a similar vein, low-income parents in Mountain View get $500 per month from the Elevate MV program, which began in December 2022 and runs through December 2024.
The Sonoma County Pathway to Income Equity is another noteworthy project. This initiative, which runs from January 2023 to January 2025, gives 305 households $500 each month.
Assistance for business owners and mothers in Michigan
In Michigan, initiatives have been put in place with the goal of assisting low-income business owners and recent mothers, realizing the value of maintaining the community’s economic and family well-being.
For instance, the Ann Arbor initiative Guaranteed Income to Grow provides approximately 100 low-income business owners with $528 per month from 2024 to 2025.
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New Mexico: assisting in the schooling of young parents
The Learn, Earn, Achieve program in Santa Fe, New Mexico, was started to support young parents attending Santa Fe Community College while they pursue their education.
The goal of this program is to lower the financial obstacles that would keep these parents from finishing their school by providing $400 per month to 98 participants between January 2024 and the spring of 2025.
This program’s financial assistance helps participating families become more stable, but it also benefits the community as a whole by raising educational attainment and creating more prospects for long-term employment.
New Mexico is making an investment in the future of its workforce and the community at large by assisting young parents in achieving their educational objectives.
