N.J. city gave residents $400 a month, ‘no strings attached.’ Here’s what happened.

N.J. city gave residents $400 a month, ‘no strings attached.’ Here’s what happened.

This is the view of the Paterson city skyline from left field at the newly refurbished Hinchliffe Stadium on Wednesday, May 17, 2023 in Paterson, N.J. What would you do if you suddenly had an extra $400 every month?

Dante used it to set up a bank account and get a credit card. His credit score is now a solid 712.

Angela, a single mother, put the money toward a new car to ferry around her toddler. Maria started setting aside 10% of her paycheck each month, finally building up savings.Those examples come from a new University of Pennsylvania study on […]

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