While there has been no federal-level announcement about recurring $500 monthly stimulus checks, several state-specific and city-funded guaranteed income programs are providing monthly cash assistance to help low-income residents.
These programs aim to address economic challenges, especially for low-income households, young adults, and single-parent families, by offering consistent financial support.
States and Cities Offering $500 Monthly Payments in 2024
Here is a breakdown of some key programs across the U.S. offering monthly financial assistance in 2024:
1. California
California hosts several guaranteed income programs at the city level, providing $500 payments to specific groups of residents.
- Long Beach Pledge Program: This program offers $500 monthly payments to 250 single-parent households with incomes below the poverty line in Long Beach’s 90813 zip code. It runs for one year to improve economic stability.
- Elevate MV (Mountain View): Funded by the City of Mountain View, this program gives $500 per month to low-income families for 24 months to support basic needs.
- Sonoma County’s Pathway to Income Equity: Sonoma County provides $500 monthly to 305 low-income families with children, focusing on households earning up to 185% of the federal poverty level. The program will last 24 months to help reduce poverty and improve economic outcomes.
2. Washington
- Growing Resilience in Tacoma: Tacoma, Washington, offers $500 per month to 110 randomly selected low-income families for 12 months. The goal is to alleviate poverty and assess how consistent financial support impacts economic resilience.
3. New York
- New York City’s Bridge Project: This program provides monthly payments of $500 or $1,000 to low-income mothers with young children in select New York City neighborhoods. The program, running since 2021, focuses on helping mothers improve their financial stability over three years.
4. New Mexico
- Learn, Earn, Achieve Program in Santa Fe: In Santa Fe, this initiative supports 100 young adults aged 18 to 24 with $400 monthly payments for one year, aiming to help them gain skills, find jobs, and potentially start businesses.
Important Considerations and Verification
These programs are local initiatives funded by cities or specific organizations and are not part of any federal stimulus plan. Each program has distinct eligibility criteria, and most require recipients to live within specific areas and meet income or demographic requirements.
How to Verify Eligibility and Apply
- Official Websites: Visit local government websites for updates on eligibility, application processes, and payment schedules.
- Application Requirements: Check each program’s guidelines to ensure eligibility based on location, income level, and other criteria.
Fact Check: Misinformation on Federal $500 Monthly Stimulus Checks
Currently, there is no federal program offering monthly $500 stimulus checks. These state and city programs are often mistaken for federal stimulus checks, but they are distinct local initiatives with limited funding. Always refer to official state or city websites for accurate information, and avoid unofficial sources to prevent misinformation.
