Stockton’s Basic-Income Experiment Pays Off
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Highlights
- The best way to get people out of poverty is just to get them out of poverty; the best way to offer families more resources is just to offer them more resources.
- Individuals getting the cash were also better able to help their families and friends, providing financial stability to the broader community.
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The researchers also found that the guaranteed income did not dissuade participants from working—adding to a large body of evidence showing that cash benefits do not dramatically shrink the labor force and in some cases help people work by giving them the stability they need to find and take a new job.
- Finally, the cash recipients were healthier, happier, and less anxious than their counterparts in the control group.