Basic Income Gives Money without Strings. Here’s How People Spend It

Basic Income Gives Money without Strings. Here’s How People Spend It

6 min read

Pilot programs across the U.S., including new research funded by OpenAI, offer a glimpse of how a universal basic income could improve lives

By Allison Parshall Rob Dobi/Getty Images In 2020, amid widespread layoffs and economic turmoil brought on by the COVID pandemic, 1,000 low-income people in Texas and Illinois won something of a lottery. They were selected to receive $1,000 per month—with no strings attached—for three years as part of a study on guaranteed income by OpenResearch, a nonprofit research organization funded in part by OpenAI and its founder, Sam Altman.Silicon Valley philanthropists are just one piece […]

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