Exact Date Of Monthly $500 Payments Is Confirmed

By Steve Pedry 05/12/22

A payment of $500 will begin being distributed this month to THOUSANDS of financially struggling individuals in the United States.

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Officials in Cook County, Illinois, have started a $42 million guaranteed income program. Residents can use the money however they want.

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According to WTTW, on December 15 more than 3,000 persons will get their first payment of $500 each month.

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In addition, citizens of the United States will receive payments from the guaranteed income program for a total of twenty-four months.

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Cook County Board President Toni Preckwinkle said that the program is the "largest" scheme in the country.

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Officials said that more than 180,000 people applied for the payments every month, but only 3,250 people were chosen at random.

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According to Clarence Shaffer, whose mother is 87 years old and requires care, the money is a relief. He shared this with WTTW.

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He said, "This program could relieve me of a lot of worry and stress because it lets me keep some things I would have to think about changing."

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"It can be used monthly or changed. You'll always make money. It's a major deal since it's $12,000 over two years." Clarence Shaffer added

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