Notebook Check
A recent social science study found that giving people $1,000 a month in universal basic income (UBI) improved their financial planning and increased their interest in starting businesses. Folks in the program were five percent more interested in budgeting and eight percent better at preparing for long-term expenses than those who didn’t get the UBI.
Participants spent about 20 extra minutes each month managing their money. They were also 15 percent more likely to think about returning to school and, by the final year, 14 percent more likely to sign up for education or job training programs.
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