Economy

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

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Cook County in Illinois, which includes Chicago, has approved a permanent basic income program. Mensent Photography/Getty Images
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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.

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Lauren Edmonds
Lauren Edmonds is an award-winning reporter on the Business News team. When news isn't breaking, she covers how AI and data centers impact communities across the US. She also writes about personal finance, paths to financial freedom, and contributes to Business Insider's Young Geniuses series. Lauren has previously covered lifestyle and entertainment, digital culture, and more. She has a master's degree from Columbia University Graduate School of Journalism and resides in New York City.Do you have an interesting story to tell? You can reach Lauren at ledmonds@jkmperu.com or on Signal at ledmonds0.07.StoriesThe bipartisan backlash to Big Tech's AI data centers is getting harder for politicians to ignoreI spent 4 hours at an AI data center town meeting. Things got rowdy.Meet the MAGA darling mobilizing Americans against Big AIKevin O'Leary defends his Utah data center project: 'Think about the number of jobs'Why Hollywood is paying this 17-year-old up to $20,000 to boost film trailers with TikTok editsHere's all the free money Trump's talked about giving Americans during his second term — and where it all standsA 17-year-old earned $72,000 after investing his e-commerce profits into stocks. Here's why he bet on the tech industry.Lawmakers float a nationwide basic income experiment that would cover the cost of a 2-bedroom apartmentAmericans ditch suffocating healthcare costs and divisive politics to retire in Italy: 'It's the way they approach life'