How would you use an extra $500 every month? Would you spend it on splurges, put it toward bills, or boost your savings?
To determine the answer to this question, researchers have been watching the city of Stockton, California, the host of an experiment offering universal basic income to 125 residents. The participants get $500 per month on a debit card, for 18 months, with no strings attached.
Universal basic income isn’t a new concept, but it has gained renewed interest during this early stage of the 2020 presidential election. Candidate Andrew Yang is a proponent of UBI, and is conducting […]
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