New Guaranteed Income Experiments Give Away Hundreds of Dollars Each Month to Address Wealth Gap
January 12, 2022
Some U.S. cities are beginning universal basic income programs to help low-income individuals and families and determine if the additional support will lead to long-lasting and positive effects.
The topic of a universal basic income, or UBI, has received increasing attention in recent years as a way to curb economic inequality in the U.S.
The Center for Hunger-Free Communities at Drexel University defines UBI as a consistent, unconditional payment sent by the government to ensure "a basic standard of living for every member of a community." Such a program would help offset the rising cost of living amid stagnant wages, the organization explained.