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Austin experimented with giving people $1,000 a month. On average, the participants reported spending most of the no-strings-attached cash on housing. After a year, fewer participants said they we... (www.businessinsider.com)

submitted 6 months ago by [email protected] to c/[email protected]

0 comments fedilink

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/upliftingnews by /u/Sariel007 on 2024-01-29 18:33:25.

Original Title: Austin experimented with giving people $1,000 a month. On average, the participants reported spending most of the no-strings-attached cash on housing. After a year, fewer participants said they were unable to afford to eat a balanced meal.

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Austin experimented with giving people $1,000 a month. They spent the no-strings-attached cash mostly on housing, a study found (www.businessinsider.com)

submitted 6 months ago by [email protected] to c/[email protected]

179 comments fedilink

A guaranteed-basic-income program in Austin gave people $1,000 a month for a year.
Most of the participants spent the no-strings-attached cash on housing, a study found.
Participants who said they could afford a balanced meal also increased by 17%.

A guaranteed-basic-income plan in one of Texas' largest cities reduced rates of housing insecurity. But some Texas lawmakers are not happy.

Austin was the first city in Texas to launch a tax-payer-funded guaranteed-income program when the Austin Guaranteed Income Pilot kicked off in May 2022. The program served 135 low-income families, each receiving $1,000 monthly. Funding for 85 families came from the City of Austin, while philanthropic donations funded the other 50.

The program was billed as a means to boost people out of poverty and help them afford housing. "We know that if we trust people to make the right decisions for themselves and their families, it leads to better outcomes," the city says on its website. "It leads to better jobs, increased savings, food security, housing security."

While the program ended in August 2023, a new study from the Urban Institute, a Washington, DC, think tank, found that the city's program did, in fact, help its participants pay for housing and food. On average, program participants reported spending more than half of the cash they received on housing, the report said.