guaranteed income
Promised regular payment
Guaranteed income is a regular cash payment provided to individuals regardless of employment status, intended to ensure a basic standard of living.
The term encompasses various policy proposals including universal basic income and negative income tax schemes: Proponents argue guaranteed income would reduce poverty and provide security in an age of automation.
The guaranteed distinguishes it from means-tested welfare programs that require ongoing proof of need.
- unemployment benefitsState aid for jobless workers
- cashReady spending funds
- rent moneyFunds owed for lodging
- social safety netPublic programs preventing destitution
- pensionRetiree's ongoing benefit
bills · no strings attached · floor · economic security · relief · redistribution · unconditional · equity · fiscal policy · human dignity · peace of mind · disability support · subsistence · living wage · social security · annuity · wealth tax · food stamps
- income supportUBI, cash transfer, direct payment, social assistance, public assistance
- welfare programsTANF, food stamps, WIC, Section 8, cash assistance
- annuitiesannuity, annuitant, annuitization, payout options, periodic payments
- safe investmentsCD, bonds, treasury bonds, certificate of deposit, savings bond
guaranteed incomeperformance-based pay
Earnings determined by results
freelance income · piecework · tips · sales commissions · investment returns
guaranteed incomeno safety net
workfare · rugged individualism · austerity · means-tested benefits · laissez-faire economics