An experiment doled out money to homeless people in Denver, no strings attached. Here’s what happened.

Sun, 28 Jul 2024 19:06:06 +1000

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
https://coloradosun.com/2024/06/19/homeless-payments/

"An experiment to pay people who were homeless in Denver with no limits on how
they could spend the money led to twice as many people in stable housing,
according to researchers who released their one-year report Tuesday.

More than 800 people were selected to participate in the Denver Basic Income
Project while they were living on the streets, in shelters, on friends’ couches
or in vehicles. They were separated into three groups. Group A received $1,000
per month for a year. Group B received $6,500 the first month and $500 for the
next 11 months. And group C, the control group, received $50 per month.

About 45% of participants in all three groups were living in a house or
apartment that they rented or owned by the study’s 10-month check-in point,
according to the research. The number of nights spent in shelters among
participants in the first and second groups decreased by half. And participants
in those two groups reported an increase in full-time work, while the control
group reported decreased full-time employment.

The project also saved tax dollars, according to the report. Researchers
tallied an estimated $589,214 in savings on public services, including
ambulance rides, visits to hospital emergency departments, jail stays and
shelter nights."

Via Reasons to be Cheerful:
<https://reasonstobecheerful.world/what-were-reading-free-money-cleaner-lagoons/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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