Study Finds: Basic Income Money Spent on Housing in Minneapolis

Study Finds: Basic Income Money Spent on Housing in Minneapolis

Two hundred low-income households in Minneapolis will receive $500 per month for two years.

More than half of recipients said housing was among the top three uses for the extra money, a new report found.

Recipients also experienced reduced food and financial insecurity and improved overall well-being. Low-income households in Minneapolis who received $500 a month under a guaranteed basic income pilot program say the no-strings-attached cash is most useful for housing costs a current report from the Federal Reserve Bank of Minneapolis.Thirty-five percent of the 200 households that took part in the two-year program said it […]

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