Denver experimented with giving people $1,000 a month. It reduced homelessness and increased full-time employment, a study found.

Sat, 2 Dec 2023 12:43:48 +1100

Andrew Pam <xanni [at]>

Andrew Pam

'It doesn't necessarily buy happiness, but both personal experience and
academic research suggest that when people have more money, they're more likely
to lead a pleasant life. That's the premise of a social experiment in Denver,
where for the past few months several hundred of the city's most vulnerable
people have been given cash with no strings attached.

The results, so far: Participants who were sleeping on the streets at the start
of the experiment — now with more money in their pockets — said they were
feeling safer, experiencing better mental health, and enjoying access to more
stable and welcoming living arrangements.

Mark Donovan, the founder and executive director of the Denver Basic Income
Project, told Insider he was "very encouraged" by the findings.

"Many participants reported that they have used the money to pay off debt,
repair their car, secure housing, and enroll in a course," he said. "These are
all paths that could eventually lead participants out of poverty and allow them
to be less dependent on social support programs."'

Via Future Crunch:

       *** Xanni ***
--               Andrew Pam                 Chief Scientist, Xanadu            Partner, Glass Wings               Manager, Serious Cybernetics

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