STOCKTON, California — This story was originally published by CalMatters.
Stockton’s guaranteed income experiment — which paid $500 a month to more than 100 residents without strings attached — likely improved recipients’ financial stability and health, but those effects were much less pronounced during the pandemic, researchers found.
The study of the two-year experiment that began in 2019 shows the promise and limitations of a guaranteed income, said Amy Castro, study author and founding directorfrom the Center for Guaranteed Income Research at the University of Pennsylvania.The Stockton program is one of the few modern US experiments in regular cash payments […]
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