A school in New Orleans gave students $50 a week. Then the researchers looked at how they spent it.

A school in New Orleans gave students $50 a week. Then the researchers looked at how they spent it.

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

Hyde, currently studying engineering at Tuskegee University in Alabama, usually puts it into a savings account for a rainy day. But sometimes he used it to buy food or go bowling with friends. When he reached college, all he had saved went to the laundry. He last used it on a college textbook, which cost $107.52.

Hyde and nine of his classmates at Rooted School, a New Orleans charter school, were part of a guaranteed income study by the School, New Orleans Education Incubator 4.0 Schools and the Guaranteed Income […]

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