Guaranteed income update – $500 in free cash to be handed out each month to 15,000 Americans

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THOUSANDS of Americans are set to receive $500 each month thanks to a new revamped California proposal.

A statewide initiative aims to put free money into the hands of 15,000 needy high school seniors in the state.

While the proposal's original goal was to provide the money to a group of state students in Fresno, now it will apply to high school seniors across California classified as homeless.

The proposal is commonly known as the California Success, Opportunity, and Academic Resilience (SOAR) Guaranteed Income Program. If passed, it would take effect next year.

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