The US economy would grow by $2.5 trillion under basic income, study finds

The US economy would grow by $2.5 trillion under basic income, study finds

The reports says the more money handed out, the greater the benefit to the the econony If each adult in the United States were handed $1,000 in cash every month, the US economy could grow by $2.5 trillion in the next seven years, a new study has found.

The benefit, known as a universal basic income , was found to benefit the economy rather than act as a drain on it.

The larger the amount paid out , the more the economy would benefit in the long run, the report claims – by 2025, the cash handout could grow the […]

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