Guaranteed income program in Cambridge boosted employment and financial health, report finds

CBS News

Giving money directly to low-income families in Cambridge paid off in more ways than one, researchers say.

Results of the Cambridge RISE pilot program, a guaranteed income initiative which gave 130 families in the city $500 a month for 18 months, were released on Wednesday. They show “significant improvements in financial health, higher rates of employment, increased time and space for parenting, and improved educational outcomes for children,” according to the Cambridge Community Foundation.

Findings from Cambridge guaranteed income pilot

Those receiving payments increased their employment rate from 36% to 40% after a year, the researchers said. A control group that did not receive money saw their employment level fall from 30% to 28%.

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