(NEW YORK) — Guaranteed income experiments are popping up or expanding around the country, offering no-strings-attached temporary cash payments to low-income residents.
Some governmental programs limit what recipients can or cannot pay for with their assistance. Guaranteed income programs select certain groups impacted by income inequality — such as the impoverished or the formerly incarcerated — and gives them monthly cash payments for an allotted amount of time. This allows participants to use money on whatever they need or want, which allows residents to fill in the gaps of what other financial assistance may not cover.
These programs have been lauded […]
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