Sunday, September 3, 2023

A Canadian study gave $7,500 to homeless people. Here’s how they spent it.

The recipients of the cash transfers did not increase spending on drugs, tobacco, and alcohol, but did increase spending on food, clothes, and rent, according to self-reports. What's more, they moved into stable housing faster and saved enough money to maintain financial security over the year of follow-up. 

"Counter to really harmful stereotypes, we saw that people made wise financial choices," Claire Williams, the CEO of Foundations for Social Change, told me...

https://www.vox.com/future-perfect/21528569/homeless-poverty-cash-transfer-canada-new-leaf-project




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