Homeless people in Vancouver were given $5,500 cash, no strings attached. They used it to secure housing and even start saving.

Business Insider

Yet another study shows that poor people didn’t squander their money on drugs and alcohol when given cash assistance.

People experiencing homelessness in Vancouver spent 99 fewer days unhoused and saved more money after they were given a one-time unconditional check, a new study found.

Researchers from the University of British Columbia and the Foundations for Social Change nonprofit, which began the project in 2018, tracked the impacts of an experimental universal basic income program in Vancouver over a year.

In the program, 50 people experiencing homelessness were given a one-time stipend of CAD $7,500 — or about $5,500 in US currency — with no strings attached, while another 65 people received no stipend.

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