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Did they guarantee that income for life, adjusted to cost of living? Short period of guaranteed income seems like the best moment in life to work more.
by emteycz 5y ago
Did they guarantee that income for life, adjusted to cost of living?
Short period of guaranteed income seems like the best moment in life to work more.
- SwanRonson 5y agoWhere: Stockton, California Who: 125 people at or below median income When: Starting in feb 2019 lasting 24 months How much: $500/mo How was it spent: 40% was transferred or cashed out; self reported data shows it was spent on food, clothes, car repairs, and other basics. (Less than 1% went to alcohol or cigarettes). Not guaranteed for life. Just 24 months ($12,000) in a city with a very high violent crime rate and poverty rate. I think if they keep following these families they will find that they were working harder in an attempt to save money with the goal of leaving the city.