Posted on 11/15/2021 1:47:24 AM PST by blueplum
More than 100 young people in Louisiana will receive $3,500 next year under a financial literacy program from the City of New Orleans.
City officials said Thursday that 125 residents between the ages of 16 and 24 will receive 10 payments of $350 starting next spring. The money will be loaded onto an ATM card provided by Black-owned online bank Mobility Capital Finance. New Orleans Mayor LaToya Cantrell said..
The goal, city officials said, is to address the "unbanked" problem plaguing the Big Easy. The "unbanked" is a term the financial services industry has adopted to describe adults who earn money but do not use bank accounts to help them manage those wages. ...
One of 20 U.S. households are currently unbanked, according to a June study from the Federal Reserve Bank of New York. Louisiana has one of the highest percentages of its state population that's unbanked: 15%...
...New Orleans received a $500,000 grant from Mayors For A Guaranteed Income in December and that money will be used to fund the cards. Mayors For A Guaranteed Income is a coalition of U.S. mayors who are pushing for a nationwide universal basic income program...
(Excerpt) Read more at cbsnews.com ...
They’ll be able to buy bags of the GOOD weed now…
Try it and find out.
$1 per non-Ebonic words?
Now children were going to play carrot on a stick this is how it works...........................
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.