A pedestrian walks through downtown Stockton on Feb. 7, 2020. The city went bankrupt in 2012 but has been recovering and last year began an 18-month trial run of a universal basic income program, providing 125 randomly selected residents with $500 a month. Stockton’s experiment in guaranteed income — which paid more than 100 residents $500 a month with no strings attached — likely improved the 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 […]
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