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News Every Day |

Cook County, which includes Chicago, has made its guaranteed minimum income permanent

Cook County in Illinois, which includes Chicago, has approved a permanent basic income program.
  • Cook County, which includes Chicago, ran a two-year basic income experiment in 2022.
  • During the pilot, thousands of residents received $500 a month to spend however they wanted.
  • The county has now made that basic income program permanent in its 2026 budget.

Many American cities and counties have been experimenting with a novel concept: Giving financially vulnerable residents free money every month without expecting anything in return.

The goal is to let those people decide for themselves how best to spend the extra cash, rather than requiring them to spend it on certain kinds of food or other necessities.

When those programs end, many report largely positive results. Few, however, are ever made permanent.

Cook County in Illinois, which includes Chicago, is now an exception.

The Cook County Board of Commissioners unanimously approved its 2026 budget proposal on Thursday, and it includes $7.5 million for a guaranteed basic income program.

Cook County had earlier run a basic income experiment for two years. It provided $500 a month to 3,200 households during that time. The last payment went out in January.

"The County will invest $7.5 million to continue supporting the Guaranteed Income program, providing direct unconditional monetary support to help residents live healthier and more stable lives," the county's now-approved budget proposal says.

A guaranteed basic income is a social safety net program in which a government provides certain residents with recurring, no-strings-attached cash payments for a set period. Often, the eligible recipients fit specific criteria, such as having a household income near the poverty line.

A guaranteed basic income differs from a universal basic income, which is when a government provides all individuals in a population with recurring, no-strings-attached cash payments, regardless of their socioeconomic status.

AI leaders, such as Elon Musk and OpenAI CEO Sam Altman, have publicly advocated for basic income programs to mitigate the potential impact of AI on human jobs.

Governments worldwide have toyed with basic income programs. Ireland recently made its basic income for artists permanent, and South Korea is poised to launch one of the world's largest programs.

Cook County released survey findings based on responses from those who received cash payments between 2022 and 2025. The majority said the payments made them more financially secure, reduced their stress, and improved their mental health.

The top reported uses for the payments were food, rent, utilities, and transportation.

Read the original article on Business Insider
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