If people in need were given $500 each month, how would they spend it? The country ’s first mayor-led guaranteed income program is trying to find out.
The privately-funded, 18-month initiative, called the Stockton Economic Empowerment Demonstration or SEED , began giving 125 residents of Stockton, California, $500 a month on a debit card last February. SEED randomly selected residents who were at least 18 years old and lived in a neighborhood where the median income is at or below $46,033, the city’s median at the time. Researchers have been regularly checking in with recipients to analyze how they’ve spent […]
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