$500 a Month: Chicago’s Basic Income Experiment

$500 a Month: Chicago's Basic Income Experiment

People say there’s no such thing as a free lunch. But no-one told officials in the US city of Chicago, who have been paying a guaranteed basic income to those in need since 2022.

More than 8,000 people in the Chicago area have been getting $500 every month.

It’s called "income," but there isn’t a job. The plan was to give people a basic amount of money in cash, to make their lives a little easier. They can spend it on anything they like.The local government thinks of it as an experiment — at first, it will last for between 12 […]

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