A basic income program typically seeks to meet the basic costs of living whereas a guaranteed income program may provide less.

Source: https://www.centralmaine.com/2023/08/01/a-new-program-gives-low-income-maine-mothers-monthly-cash-will-it-help-lift-them-out-of-poverty/

Among Preckwinkle’s previously stated priorities: continuing the guaranteed income program, which cost $42 million.

Source: https://www.chicagotribune.com/politics/ct-cook-county-2023-budget-preckwinkle-vacancies-arpa-20231005-mwo5iil4gbdwjlbmsriyhuiufi-story.html

'Annuity rates did increase last year so it may be that for some people, using part of your pension pot to purchase an annuity, which gives you a guaranteed income for life, is a good idea.

Source: https://www.dailymail.co.uk/money/pensions/article-11946415/Are-target-save-630k-pension-pot-comfortable-old-age.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

But some evidence suggests universal basic income and guaranteed income programs can provide little benefit despite the enormous costs.

Source: https://gazette.com/news/wex/universal-basic-income-payments-cash-giveaway-programs-expand-despite-mixed-results/article_f2e9ac0f-aac7-5680-812f-1ca9ef5bed02.html

Despite offering the advantage of a guaranteed income until you die, annuities have been shunned for years due to poor rates and restrictive conditions.

Source: https://www.dailymail.co.uk/money/pensions/article-12139293/Annuity-sales-soar-22-rate-hikes-lead-better-deals.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

It started in Stockton, Calif., which was the first city to launch a guaranteed income program.

Source: https://www.twincities.com/2023/07/02/mayor-melvin-carter-st-paul-guaranteed-income-program/

Since it is a pilot program, in its current form, the program will provide a guaranteed income to 55 applicants.

Source: https://247wallst.com/economy/2023/01/24/guaranteed-stimulus-checks-to-transgender-checks-starting-to-go-out-this-month-in-san-francisco/