Colorado’s Universal Basic Income Experiment Gets Surprising Results
In November of 2022, “More than 800 people were selected to participate in the Denver Basic Income Project,” reports the Colorado Sun, “while they were living on the streets, in shelters, on friends’ couches or in vehicles.
One group received $1,000 a month, according to the article, while a second group received $6,500 in the first month, and then $500 for the next 11 months. (And a “control” group received $50 a month.) Amazingly, about 45% of participants in all three groups “were living in a house or apartment that they rented or owned by the study’s 10-month check-in point, according to the research.”
The number of nights spent in shelters among participants in the first and second groups decreased by half. And participants in those two groups reported an increase in full-time work, while the control group reported decreased full-time employment. The project also saved tax dollars, according to the report. Researchers tallied an estimated $589,214 in savings on public services, including ambulance rides, visits to hospital emergency departments, jail stays and shelter nights…
The study, which began in November 2022 with payments to the first group of participants, has been extended for an additional eight months, until September, and organizers are attempting to raise money to extend it further.
Read more of this story at Slashdot.
In November of 2022, “More than 800 people were selected to participate in the Denver Basic Income Project,” reports the Colorado Sun, “while they were living on the streets, in shelters, on friends’ couches or in vehicles.
One group received $1,000 a month, according to the article, while a second group received $6,500 in the first month, and then $500 for the next 11 months. (And a “control” group received $50 a month.) Amazingly, about 45% of participants in all three groups “were living in a house or apartment that they rented or owned by the study’s 10-month check-in point, according to the research.”
The number of nights spent in shelters among participants in the first and second groups decreased by half. And participants in those two groups reported an increase in full-time work, while the control group reported decreased full-time employment. The project also saved tax dollars, according to the report. Researchers tallied an estimated $589,214 in savings on public services, including ambulance rides, visits to hospital emergency departments, jail stays and shelter nights…
The study, which began in November 2022 with payments to the first group of participants, has been extended for an additional eight months, until September, and organizers are attempting to raise money to extend it further.
Read more of this story at Slashdot.