A program, financed by private donations, gave $500 per month for two years to Stockton residents who earned less than the median income
After receiving $500 per month for two years without rules on how to spend it, 125 people in California paid off debt, got full-time jobs and had “statistically significant improvements” in emotional health, according to a study released Wednesday.
The program was the nation’s highest-profile experiment in decades of universal basic income (UBI), an idea that gained national attention when it became a major part of Andrew Yang’s 2020 campaign for president.
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