Skip to main content

One-third of population in Brazilian city set to receive basic income

by Futures Centre, Nov 12
1 minute read

Around 52,000 people in the city of Maricá in suburban Rio de Janeiro will receive a monthly stipend of 130 reais (£24), just under the national poverty line, as part of a new initiative called the ‘Citizens’ Basic Income’ launching this November. The CBI will be monitored by the Jain Family Institute in New York, working alongside Brazilian academics at Fluminense Federal University and the Euclides da Cunha Foundation.

Brazil Basic Income

There is no criteria for how these funds are spent, although eligible recipients must have lived in Maricá for at least three years, be registered in the city’s database, and with earnings not exceeding three times the Brazilian minimum wage. Any increase in income resulting from a combination of work, personal initiative and the CBI will not affect the guarantee of benefits.

Moreover, the CBI will be distributed in ‘mumbuca’ – a digital social currency pegged 1:1 to the Brazilian Real that is not accepted outside of Maricá. It has no physical form and is either pre-loaded onto a card or accessed via an app.

Details

by Futures Centre Spotted 1925 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • 0
  • Share

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.

>