Spain's Minimum Vital Income Supports Nearly Two Million

The Minimum Vital Income (IMV) in Spain, established in 2020, aims to eradicate poverty and promote social inclusion, providing financial aid to individuals and families with limited resources. As of August 2024, nearly two million people benefit from the IMV, which offers an average monthly payment of 479.2 euros, with plans for a 14.1% increase in 2025. Payments for September are scheduled between October 1 and 4, with potential advances from certain banks. In contrast, discussions around Universal Basic Income (UBI) have gained traction in the U.S., with pilot programs showing positive impacts on economic well-being and health among participants. However, critics question the applicability of UBI across different economic regions. A Community Action Talk in Lanark County emphasizes local advocacy for basic income as a means to combat poverty and enhance financial security.