US dollars rolled up in the hand. In a groundbreaking economic social experiment, Business Insider covered the study done at Austin, Texas. The experiment embarked on an ambitious project to explore the impact of a guaranteed basic income. The Austin Guaranteed Income Pilot, launched in May 2022, provided 135 low-income families with $1,000 monthly for a year, no strings attached. This initiative offers a fascinating glimpse into how people allocate unconditional funds when given financial breathing room. Housing: A Primary Concern
A significant finding from the program was the allocation of funds towards housing. More than half of the […]
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