Guaranteed Financial Aid: Residents of a Specific US State to Receive $24,000 Each Without Conditions Under a New Income Program
In a groundbreaking move, a US-based non-profit, Georgia Resilience & Opportunity (GRO) Fund, has announced the launch of a new guaranteed income pilot program called Freedom Futures. This program aims to address racial wealth disparity by providing selected participants with a no-strings-attached monthly income of $500 for 48 months, along with investment capital to help build wealth among its participants [1][3].
The Freedom Futures program is open to residents selected for this pilot. Although the precise eligibility criteria, such as income level or demographic focus, were not detailed, the program's focus on addressing racial wealth gaps suggests it targets historically underserved or economically disadvantaged groups [5].
Applicants for the program must be between 18 and 25 years of age, be enrolled in high school or a tertiary institution, and have a household income at or below double the federal poverty level. Successful applicants will be notified within weeks of the application deadline passing, which is August 27th [6].
The first income supplement payment will be received in September 2025. In addition to the monthly income, participants will also be eligible to receive investment capital starting in the third year of the program [2]. To receive the investment capital, participants will have to undertake financial education [7].
The investment capital can be used for various wealth-building purposes such as homeownership, entrepreneurship, higher education, or investing in a retirement account [4].
Meanwhile, in other financial news, a crypto analytics firm has identified signs of an ancient Bitcoin (BTC) that could potentially lead to sell-side pressure [8]. Elsewhere, Arthur Hayes, a known figure in the crypto world, is associated with an altcoin that is outperforming the crypto market following a new partnership with Anchorage Digital [9].
In a separate development, US lawmakers have issued subpoenas to JPMorgan Chase CEO Jamie Dimon and Bank of America Boss Brian Moynihan over their role in a Tesla supplier's IPO [10]. The US Department of Justice has also reported a case of a bank insider who drained $195,000 from churches, a kids museum, and customers, and faked his own death to avoid recovery of incriminating evidence [11].
Stay tuned for more updates on these and other finance-related stories.
References:
- Freedom Futures Official Website
- Georgia Resilience & Opportunity (GRO) Fund Press Release
- Atlanta Journal-Constitution Article
- Georgia Resilience & Opportunity (GRO) Fund FAQs
- Georgia Resilience & Opportunity (GRO) Fund Eligibility Criteria
- Georgia Resilience & Opportunity (GRO) Fund Application Deadline
- Georgia Resilience & Opportunity (GRO) Fund Investment Capital Details
- Crypto Analytics Firm Press Release
- Arthur Hayes and Anchorage Digital Partnership News
- US Lawmakers Subpoena JPMorgan Chase and Bank of America CEOs
- US Department of Justice Press Release
The Freedom Futures program, launched by Georgia Resilience & Opportunity (GRO) Fund, aims to assist economically disadvantaged groups by providing selected participants with a guaranteed income, investment capital for wealth-building purposes, and financial education. This program targets residents aged 18 to 25 years old, enrolled in high school or a tertiary institution, with a household income at or below double the federal poverty level.
In a separate development, a crypto analytics firm identified potential sell-side pressure on Bitcoin (BTC), while Arthur Hayes, a renowned figure in the crypto world, is associated with an altcoin outperforming the market after a new partnership with Anchorage Digital.
Meanwhile, US lawmakers have issued subpoenas to JPMorgan Chase CEO Jamie Dimon and Bank of America Boss Brian Moynihan over their role in a Tesla supplier's IPO. In a separate case, a bank insider drained $195,000 from churches, a kids museum, and customers, faked his own death, and was reported by the US Department of Justice.
Stay informed for further updates on these financial news stories.
