Back in 2013, NPR's Planet Money reported on an experiment in Kenya.
The results from the study are encouraging, says Johannes Haushofer, an economist at MIT's Poverty Action Lab who was one of the study's co-authors. "We don't see people spending money on alcohol and tobacco," he says. "Instead we see them investing in their kids' education, we see them investing in health care. They buy more and better food." Getting money made people happier, less stressed out. [What Happens When You Just Give Money To Poor People?]2020 presidential candidate, Andrew Yang wanted to implement a universal basic income of $12,000 a year and guaranteed income (GI) demonstration projects are underway in several states including in New Mexico.
After receiving GI assistance for a year, our participants reported a noticeable increase in job security. Rural participants and the participants who received the six-month extension reported 14% and 15% increases in employment, respectively.
GI assistance improved housing security for participants of the program, in particular those who were struggling the most to make rent or mortgage payments on time. The number of respondents reporting they had trouble paying the rent or mortgage on time almost every month decreased by 35%. Perhaps even more impressive, the group that received the 6-month extension experienced a 73% increase in respondents reporting never having trouble paying the rent or mortgage on time.
GI participants with children reported noticeable improvements in educational outcomes. The percentage of participants claiming their child is on track to complete their grade level and graduate increased by 9%. For rural participants, this increase was even greater: it jumped by 13%.Read it all here.
Due in large part to immigration New Mexico is third in racial equality, second in worker equity, fourth in language diversity and is the sixth most diverse state overall according to WalletHub.
This guaranteed income study shows that unrestricted cash payments give mixed-immigration status families the flexibility and freedom to use their financial support for their unique needs. Read the full report here ➡️ https://t.co/C9sJ6WiCiz pic.twitter.com/kAQ7GLQ43J
— NM Voices 4 Children (@NMVoices) December 15, 2023
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