Inside the Nation’s Largest Guaranteed Income Experiment

From Abby Vesoulis, Abigail Abrams / TIME: A guaranteed income program is giving people the financial security to invest in themselves, avoid predatory loans, pay off debt, and improve their general quality of life. The lack of conditions on how the monthly cash payments should be utilized gives recipients the freedom to do what they need with the money.

Read the original story here.

Read more about universal basic income implementation.

Issue Areas:

Alternative Forms of Income, Poverty Reduction Measures, Universal Basic Income

Impact Areas:

Equity

Actors:

Government, Philanthropy and Social Impact Investors

Communities Served:

BIPOC Communities, Communities Experiencing Economic Hardship, Workers

Strategies:

Easing Economic Burdens for Individuals

Success Factors:

Addressing Underlying Issues, Attacking Root Causes, Eliminating Barriers, Empowering People, Meeting People Where They Are At, Providing Cash Instead Of Goods/Services

Geographic Region:

North America

Countries:

United States

Date:

September 16, 2021

More Resources:

The Radical Idea of Making Sure Everybody Has Enough Money to Live On

From Laura Paddison / Huffington Post: The results of a universal basic income (UBI) program in Kenya show the positive ripple effect of giving everyone money on a consistent basis over the course of several years. Recipients have been able...

Banks For The People

From Piper French / Noema: Public banks are owned and run by governments, and because they store money for the state instead of individuals, they can invest back into the communities they serve instead of extracting from them in the...

Conversation with Mette Beckhof

Mette Beckhof co-leads the local chapter of The Economy for the Common Good in Cologne/Bonn, Germany, which advocates an alternative economic model – one that is beneficial to all stakeholders in an organization. Mette Beckhof spoke with Ashley Hopkinson on...

Conversation with Natalia Linou

Natalia Linou (Linos) is a policy specialist at the United Nations Development Programme (UNDP). Her current role as part of UNDP’s HIV, health and development team is focused on the prevention of non-communicable diseases and on developing an emerging area...

Conversation with Thomas Legrand

Thomas Legrand is the Lead Technical Advisor for the UNDP-convened Conscious Food Systems Alliance (CoFSA). He holds a Ph.D. in Economics and has 20 years of experience in sustainable land use, climate change, sustainable finance, leadership, and developing inner capacities...

Climate disasters hit poor people hardest. There’s an obvious solution to that

From Sigal Samuel / Vox: An effective way to help those most vulnerable to climate disasters is by providing just-in-time cash transfers right before a disaster hits for them to use as they see fit for resilience and climate change...