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

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

Vernell Cheneau III participated in the guaranteed income study as a student at the Rooted School from October 2020 to October 2021. Vernell is photographed near his home in New Orleans, La. Friday, March 25, 2022. (Photo by Max Becherer, NOLA.com, The Times-Picayune | The New Orleans Advocate) 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 […]

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