Will $50 a week teach kids fiscal skills in Indianapolis school’s study, close wealth gap?

Will $50 a week teach kids fiscal skills in Indianapolis school’s study, close wealth gap?

The 74 The first few weeks Caleb Lee was given $50 as part of a first-of-its-kind guaranteed income experiment at his Indianapolis charter high school, it went hand to mouth in the form of Mexican takeout DoorDash deliveries.

Now, just three months later, the 11th-grader’s goals for the money have shifted toward savings and financial goals — just as his school and researchers hoped.

Lee’s high school, the Rooted School in the Arlington Woods neighborhood, and another Rooted School in New Orleans partnered for the $50 Study, collaborating with university researchers to see if cash payments to students can help students […]

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