A guaranteed income pilot program that launched in St. Paul during the COVID-19 pandemic increased households’ financial stability and improved recipients’ general well-being, a new study shows .
St. Paul’s People’s Prosperity Pilot (PPP) began in October 2020 in hopes of studying the effects of guaranteed income. In total, 150 households were selected to receive monthly unconditional payments of $500 over the course of 18 months. The families were chosen among enrollees in the CollegeBound St. Paul program — which deposits a $50 seed into a college savings account for St. Paul newborns — and had to earn 300% of […]
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