The public has the wrong idea about what people experiencing homelessness would do after being given a large sum of money.
That according to a recent study conducted by a team at the Univerity of British Columbia’s (UBC) lead by Doctor Jiaying Zhao, an associate professor.
The study gave an unconditional $7,500 cash transfer to 50 homeless people in Vancouver and compared their spending to a control group of 65 people who received nothing, over the course of a year.It found that recipients spent 99 fewer days homeless, increased their savings, and saved society an average of $777 each by spending […]
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