St. Paul’s Free Money Frenzy, $500 Handouts Hike Employment and Hope, Study Says

St. Paul's Free Money Frenzy, $500 Handouts Hike Employment and Hope, Study Says

St. Paul, Minnesota’s experiment with giving away free money is claiming to pay off. In a groundbreaking move by Mayor Melvin Carter and his administration, the city launched the People’s Prosperity Pilot, a guaranteed income program that dished out $500 monthly to select families. According to the City of Saint Paul’s official announcement , the pilot not only upped employment among participants but also gave them a healthier, more stable lifestyle.

While some might scratch their heads at handing out cash with no strings attached, the study from the Center for Guaranteed Income Research at the University of Pennsylvania seems […]

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