The first results from a Universal Basic Income (UBI) experiment in Stockton, California are in—and guess what? They’re already disproving one of the most popular arguments levied against UBI, which is that recipients will use the money on frivolous purchases. In Stockton, the early results show most of the 125 people in the program used the $500 they received each month for food, utility bills, and clothing. A new Associated Press story breaks down the spending: recipients spent about 40 percent of the funds on food, 24 percent on sales and merchandise, and 11 percent on utility bills. They spent the remainder on car maintenance, medical expenses, insurance, education, self-care, and even donations. Stockton Mayor Michael Tubbs is hopeful the new data will help “win over” skeptics of UBI — and potentially convince lawmakers to take the program nationwide.
Stockton UBI experiment: recipients are spending money only to cover basic needs
More of Today's Solutions
Southern Sierra Miwuk Nation regains ancestral lands near Yosemite in major c...
BY THE OPTIMIST DAILY EDITORIAL TEAM Nearly 900 acres of ancestral territory have been officially returned to the Southern Sierra Miwuk Nation, marking a ...
Read More8 fermented foods that your gut will love (and that taste great, too!)
BY THE OPTIMIST DAILY EDITORIAL TEAM Fermented foods have been a dietary staple in many cultures for centuries, but in the U.S., they’re only ...
Read MoreBreaking the silence: empowering menopausal women in the workplace
Addressing menopause in the workplace is long overdue in today's fast-changing work scene, where many are extending their careers into their 60s. According to ...
Read MoreInsect migration: the hidden superhighway of the Pyrenees
Insects, while frequently disregarded, are critical to the planet's ecosystems. They make up about 90 percent of all animal species and play important functions ...
Read More
