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Study Details 'Transformative' Results From LA Guaranteed Basic Income Program
The results of Los Angeles' 12-month guaranteed income pilot program show that it was "overwhelmingly beneficial (source may be paywalled; alternative source)," reports the Los Angeles Times. The program, which involved giving L.A.'s poorest families cash assistance of $1,000 a month with no string...
The program, which involved giving L.A.'s poorest families cash assistance of $1,000 a month with no strings attached, significantly improved participants' financial stability, job opportunities, and overall well-being. From the report: The Basic Income Guaranteed: Los Angeles Economic Assistance Pilot, or BIG:LEAP, disbursed $38.4 million in city funds to 3,200 residents who were pregnant or had at least one child, lived at or below the federal poverty level and experienced hardship related to COVID-19. It also prevented or reduced the incidence of intimate partner violence, the analysis found, by making it possible for people and their children to leave and find other housing.
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