Outlooks brightened but savings elusive during St. Paul’s guaranteed income project – Twin Cities

Outlooks brightened but savings elusive during St. Paul’s guaranteed income project – Twin Cities

St. Paul Mayor Melvin Carter greets attendees at his annual budget address at Wigington Pavilion on Harriet Island in St. Paul on Thursday, Aug. 18, 2022. (John Autey / Pioneer Press)

In 2020, St. Paul Mayor Melvin Carter used federal, state and philanthropic dollars to launch one of the nation’s first municipal guaranteed income projects — $500 per month for 150 low-income families with newborn children.

The funds, issued across 18 months on a pre-paid debit card, carried no spending restrictions, and results were tracked by academic researchers through voluntary, compensated surveys and interviews.The University of Pennsylvania’s Center for Guaranteed Income […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.