California Program Giving $500 No-Strings-Attached Stipends Pays Off, Study Finds

Sort of related to our discussions here.


A high-profile universal basic income experiment in Stockton, Calif., which gave randomly selected residents $500 per month for two years with no strings attached, measurably improved participants' job prospects, financial stability and overall well-being, according to a newly released study of the program's first year.


Individuals spent most of the money on basic needs, including food, merchandise, utilities and auto costs, with less than 1% going toward alcohol and/or tobacco.

You can read the rest here: NPR

Message edited 3/4/2021 6:44:45 PM.

California Program Giving $500 No-Strings-Attached Stipends Pays Off, Study Finds

Wow very interesting. The study will be done in 2022. It will be interesting to see the findings.

California Program Giving $500 No-Strings-Attached Stipends Pays Off, Study Finds

It’s one of the platforms (Universal Basic Income) that Yang believes in. Since he’s running for NYC Mayor, I wonder if this study will boost his platform. He was highly criticized in the national election for it, but it seems like an interesting concept that has many benefits.

California Program Giving $500 No-Strings-Attached Stipends Pays Off, Study Finds

It would be super popular among the voters in nyc.