GRIT (GROWING RESILIENCE IN TACOMA) GUARANTEED INCOME INITIATIVE • TACOMA, WA Financial Resilience • Recipients of guaranteed income began with similar average annual household incomes as the control
group. Six months into the program, recipients exhibited a significantly higher mean income, with a mean difference of $3,175. Six months after payments stopped, recipients not only sustained a higher annual income but also demonstrated reduced income volatility (37 percent versus 42 percent in the control group).
• Recipients exhibited significant improvements in financial resilience, particularly in their ability to manage a $400 emergency expense. Initially, the ability to fully cover such an […]
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