Scott Santens on Nostr: Results are out for the guaranteed basic income pilot in Paterson, New Jersey where ...
Results are out for the guaranteed basic income pilot in Paterson, New Jersey where 110 people got $400/mo for a year.
Pilot participants increased their incomes significantly to $24,810 from an average of $16,604. The control group ended up at $19k.
While the control group's ability to cover a $400 emergency sharply declined, basic income recipients not only maintained their ability, but over 15% saved more than $500.
Mental health improved. Distress levels went down
https://finance.yahoo.com/news/paterson-nj-guaranteed-income-pilot-160500571.html
Pilot participants increased their incomes significantly to $24,810 from an average of $16,604. The control group ended up at $19k.
While the control group's ability to cover a $400 emergency sharply declined, basic income recipients not only maintained their ability, but over 15% saved more than $500.
Mental health improved. Distress levels went down
https://finance.yahoo.com/news/paterson-nj-guaranteed-income-pilot-160500571.html