Austin experimented with giving people $1,000 a month. They spent the no-strings-attached cash mostly on housing, a study found.
www.businessinsider.com
A guaranteed-basic-income plan in Austin that gave low-income residents $1,000 a month appeared to reduce housing insecurity.
  • A guaranteed-basic-income program in Austin gave people $1,000 a month for a year.
  • Most of the participants spent the no-strings-attached cash on housing, a study found.
  • Participants who said they could afford a balanced meal also increased by 17%.

A guaranteed-basic-income plan in one of Texas’ largest cities reduced rates of housing insecurity. But some Texas lawmakers are not happy.

Austin was the first city in Texas to launch a tax-payer-funded guaranteed-income program when the Austin Guaranteed Income Pilot kicked off in May 2022. The program served 135 low-income families, each receiving $1,000 monthly. Funding for 85 families came from the City of Austin, while philanthropic donations funded the other 50.

The program was billed as a means to boost people out of poverty and help them afford housing. “We know that if we trust people to make the right decisions for themselves and their families, it leads to better outcomes,” the city says on its website. “It leads to better jobs, increased savings, food security, housing security.”

While the program ended in August 2023, a new study from the Urban Institute, a Washington, DC, think tank, found that the city’s program did, in fact, help its participants pay for housing and food. On average, program participants reported spending more than half of the cash they received on housing, the report said.

  • LarmyOfLone@lemm.ee
    2·
    10 months ago

    Well any discussion about this is good because right now the acceptable ideology and mainstream discussion about this is overwhelmingly one sided. There is no resistance to insane wealth concentration.

    I have the feeling that UBI is doomed to fail if the basic necessities of live will continue to be owned and run for profit. Give people $1000 bucks more and the prices will increase because “they” own and control everything.

    So maybe there should be two economies: One socialist for the necessities to live a prosperous life (not luxurious or consumerist) and one for all the rest. The first one should be sustainable and some kind of circular economy where everything is build to last and be repaired and recycled, the other is free market made for competition to innovate and create new products and services.

    • MacN'Cheezus@lemmy.todayEnglish
      1·
      10 months ago

      Oh yeah, nothing wrong with a good discussion. Gotta look at the problem from all angles before deciding what is to be done about it, otherwise you often end up making things worse.

      As far as that second economy goes… you kinda just have to build that yourself by making IRL friendships with people you can trust to reciprocate.