Can guaranteed monthly payments be enough to lift people out of poverty? The state of California thinks so.
A new guaranteed income program in Los Angeles County, the state’s largest county, will provide monthly checks of more than $1,000 to young adults. The three-year pilot program will include some of the county’s most financially vulnerable individuals, 31% of whom are homeless according to county data.
Guaranteed and universal basic income programs have gained traction in California, and made national headlines in the 2020 presidential election with Andrew Yang’s campaign for a universal basic income payment of $1,000 per month for every American adult.
But do these programs actually work?
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