Marketplace®

Daily business news and economic stories

California city experiments with guaranteed income of $500 per month

Supporters of the pilot program say it’s a step toward economic equality.

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.
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

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.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    7 hours ago
    25:19
  • Make Me Smart
    13 hours ago
    19:00
  • Marketplace Morning Report
    16 hours ago
    6:55
  • Marketplace Tech
    20 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45