9.8% of the USA lives on $6,000 a year or less, according to the IRS. So, about 10% of the population lives on $500 a month. This isn't targeted to young people, though it will benefit them. This is also targeted at displaced workers, low-skill workers, and the upcoming tens of thousands marginalized out of the workforce by increasing automation.
There's not really a PATH for people to move from shitty job to non-shitty job anymore. There simply aren't enough good jobs for every adult.
B.S. They may "earn" $6k or less per year, but they're not living on that. There's EITC, welfare, disability, etc etc. When I was a student, I "lived" on $500/month, but that was because I was a damn student working part time waiting tables. Had I been fully employed, my annual income would have been much higher.
There's not really a PATH for people to move from shitty job to non-shitty job anymore. There simply aren't enough good jobs for every adult.