Nola
For nearly a year, New Orleans tried giving $350 a month to a group of young people, part of a privately funded experimental program to see if a universal basic income would make a significant difference in their lives.
Now a new report by the University of Pennsylvania’s Center for Guaranteed Income Research has detailed the results of that program.
It found that the money helped ease some of the chronic stressors faced by the 125 youth — who were between 16 and 24, struggling financially and disconnected from both work and school. But more resources are needed to allow them to invest in themselves and break cycles of generational poverty.
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