Paterson Guaranteed Income Pilot Program
The Paterson Guaranteed Income Pilot Program provides $400 a month for 12 months to 110 residents. Participants will receive $400 a month by direct deposit into a prepaid card.
SPENDING BREAKDOWN
The data in this pie chart shows aggregate spending for guaranteed income participants in Paterson, NJ. This includes all non-cash expenditures from the participants’ pre-paid debit card that is loaded with guaranteed income payments monthly.
Retail sales and services accounted for the largest share of spending, at 37.49%, followed by Food and groceries (32.09%) and Housing & Utilities (11.07%).
CHILD TAX CREDIT
The state of California saw significant reduction in poverty as a result of the largest, national pilot in the Child Tax Credit that was implemented as a result of the Covid Pandemic.
This program provided tax credit for eligible taxpayers with qualifying children in the form of cash payouts. The credit amount varied based on factors like the number of qualifying children and the taxpayer’s income. It can lower tax liability or result in a tax refund.
During the course of this pilot, it has been proven to reduce poverty for families with dependent children – in every state.
Poverty Rate (Current Law)
20.1%
Poverty Rate (Under new tax credit)
12.8%
Percentage point reduction
7.3%
Percent change
36.2%
DEMOGRAPHICS
Basic Information
sample size (Treatment Group)
900
Avg. Age of Respondent (years)
1
Children in Households
Have Children in Household
1
%
No Children in Household
5
%
Avg. children in Household
1
Avg. Household size
Gender
Male
1
%
Female
5
%
Other
5
%
Ethnicity
Hispanic
1
%
Non-Hispanic
%
Race
White
1
%
African American
5
%
American Indian/ Alaska Native
5
%
Asian
1
%
Native Hawaiian/ Pacific Islander
5
%
Latino
5
%
Other/ Mixed
5
%
Marital Status
Single
5
%
Married
5
%
Partnered/ in-relationship
5
%
Primary language at Home
English
5
%
Spanish
5
%
Other
5
%
Annual Household Income (in $USD)
Mean
$
14000
Median
$
10800
Featured Story
Cynthia
“My name is Cynthia and I’m a senior citizen living here in Paterson. I was selected as a recipient of the guaranteed income program that ended earlier this year.
I was born here in Paterson and raised in Bergen County. At the age of about 40, I became addicted to drugs and alcohol. Eventually, I found a hospital where I received much needed help. Upon discharge, I spent the first year of my recovery in a women’s shelter. I then got into a housing program.
I had nothing for a long time, a little bit of clothing and other personal things.
Then in 2021 I got into the program and my life began to change financially. I had enough money to help pay bills, and for the first time in years, I was able to buy some new clothes. That was a real treat. The program really helped me and I am so very grateful.”
Kipp is a 65-year-old female living in Long Beach. She had been a touring musician for almost twenty years when she became ill and started teaching guitar lessons. Her business was doing well until the pandemic hit; within two weeks, she lost all but one of her students. She is using some of the money to take a business course and buy a video camera to help launch her business. She said, “I have breathing room because, when you’re stressed out, you end up holding your breath. Now I’m breathing, I’m flowing, I’m creating, I’m learning a lot of different stuff. The Breathe program has helped me on a lot of levels.”
Featured Story
Kipp
Featured Story
PATRIC
Patric is a 31 year old male living in Inglewood. He had just left working for the post office and was trying to figure things out. He says, “I was in between jobs and trying to figure out everything. I’ve been able to get rent relief and get help with other bills. And they’re helping me in developing my career. By the end of the program, I’m hoping to be in a position to make a big purchase, like a house.”
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