A New Orleans school gave students $ 50 a week. Then researchers watched how they spent it. | Education

Once a week for a year, 50 was deposited into Jalen Hyde’s banking account.

Hyde, currently studying engineering at Tuskegee University in Alabama, would typically put it into a savings account for a rainy day. But occasionally he used it to buy food or go bowling with friends. When he got to college, some he had saved went toward laundry. He used the last of it on a college textbook that cost $ 107.52.

Hyde and nine of his classmates at the Rooted School, a New Orleans charter school, were part of a guaranteed income study by the school, New Orleans […]

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