Study: Outlooks brightened but savings elusive during St. Paul’s guaranteed income project

Study: Outlooks brightened but savings elusive during St. Paul’s guaranteed income project

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 […]

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