Support for providing a universal basic income (UBI) as an approach to better alleviate poverty and homelessness has been steadily growing around the world.
But skeptics are dubious that the “handouts” will be well spent.
A recent study in Canada has some concrete results.
“The study, conducted by the charity Foundations for Social Change in partnership with the University of British Columbia, was fairly simple. It identified 50 people in the Vancouver area who had become homeless in the past two years. In spring 2018, it gave them each one lump sum of $7,500 (in Canadian dollars). And it told them to do whatever they wanted with the cash.”
“The results? The people who received cash transfers moved into stable housing faster and saved enough money to maintain financial security over the year of follow-up. They decreased spending on drugs, tobacco, and alcohol by 39 percent on average, and increased spending on food, clothes, and rent, according to self-reports.”
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