Stockton to Begin Universal Basic Income Experiment

Stockton is giving free money to some residents as part of a new universal basic income experiment. Starting Friday, 130 residents will receive $500 a month for 18 months through a program called the Stockton Economic Empowerment Demonstration (SEED)

The 18-month study — the first of its kind led by a U.S. city — aims to see whether a guaranteed income can reduce stress and, in turn, unlock new opportunities for people struggling to make ends meet. Tracking and analyzing the spending habits of the 125 individuals currently receiving the stipends, the program will also provide greater insight into the viability of long-term basic income models more broadly in the United States.

Source: https://www.sacbee.com/news/local/article235716022.html

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