Find the latest episode of "The Uncertain Hour" here. Listen

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.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.