Deadline: tomorrow! Help meet our fall fundraising goal GIVE NOW

California city experiments with guaranteed income of $500 per month

Sammy Caiola Nov 4, 2019
HTML EMBED:
COPY
Jovan Bravo, 31, is one of 125 residents of Stockton, CA receiving a $500 monthly stipend from a pilot project testing the concept of universal basic income. Sammy Caiola

California city experiments with guaranteed income of $500 per month

Sammy Caiola Nov 4, 2019
Jovan Bravo, 31, is one of 125 residents of Stockton, CA receiving a $500 monthly stipend from a pilot project testing the concept of universal basic income. Sammy Caiola
HTML EMBED:
COPY

Stockton is one of two U.S. cities experimenting with the concept of universal basic income; the provision of a fixed, no-strings-attached stipend to all. The city is halfway through an 18-month pilot program, providing $500 a month to 125 people from low-income ZIP codes.

Proponents say it’s a step toward economic equality. According to the first few months of data from the experiment, people spend most of the debit card money on food, home goods and utilities.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.