this post was submitted on 07 Dec 2023
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Uplifting News

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It's an unprecedented – and massive – experiment: Since 2017 the U.S.-based charity GiveDirectly has been providing thousands of villagers in Kenya what's called a "universal basic income" – a cash grant of about $50, delivered every month, with the commitment to keep the payments coming for 12 years. It is a crucial test of what many consider one of the most cutting-edge ideas for alleviating global poverty. This week a team of independent researchers who have been studying the impact released their first results.

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[–] Froyn@kbin.social 37 points 11 months ago

Most importantly is that money given to the poor is put directly back into the local economy vs squirreled away in an offshore account.

https://www.npr.org/sections/goatsandsoda/2019/12/02/781152563/researchers-find-a-remarkable-ripple-effect-when-you-give-cash-to-poor-families

Every dollar in cash aid increased total economic activity in the area by $2.60.