Universal basic income, explained — and why these free cash handouts remain unlikely

Universal basic income, explained — and why these free cash handouts remain unlikely

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for Think about the federal government’s $1,200 coronavirus relief stimulus checks . Now imagine every adult in the U.S. receiving them on a regular basis.

Such is the driving idea behind creating a recurring income stipend commonly known as universal basic income (UBI), an idea that’s come into focus during the coronavirus pandemic and throughout 2019, when Democratic presidential candidate Andrew Yang campaigned on a promise to establish a form […]

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