Source: New York Post
A California guaranteed income pilot program intended to lift families out of poverty failed to lead participants to long-term financial independence, according to a new study from researchers at the University of California, Davis. The Yolo County Basic Income (YoBI) program provided “no-strings-attached” cash assistance to a highly targeted group of at-risk residents. Originally Published by: At least 1 dead, 5 wounded after shooting inside state's largest shopping mall Biological male killer housed in Oregon women's prison wins high-dollar legal settlement in sex abuse suit Army soldier involved in Maduro capture arrested for allegedly using classified intel to win $410K in bets While the payments served as a temporary lifeline, researchers found that, for the “significant majority” of participants, the program was not enough to break the cycle of poverty.
