Contrary to common public perception, a recent study conducted in British Columbia has found that homeless individuals who received a one-time cash transfer of $7,500 each spent the money responsibly on essential needs, such as rent, clothing, and food. Led by researcher Jiaying Zhao from the University of British Columbia, the study aimed to challenge prevailing stereotypes about how homeless people use their money.
Over the course of a year, researchers tracked the spending habits of 50 homeless individuals who received the cash transfer. They also monitored a control group of 65 homeless people who did not receive any financial […]
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