James was among the people experiencing homelessness who received a cash transfer as part of the study. (Credit: Foundations for Social Change) The public has the wrong idea about what homeless people would do after coming into a large amount of money.
A newly published University of B.C. study in Proceedings of the National Academy of Sciences unveils this stark contrast between public perception and reality when it comes to how homeless people manage their finances.
Participants in a U.S. survey of more than 1,100 people predicted that recipients of an unconditional $7,500 cash transfer would spend 81 per cent more […]
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