As part of the study, 120 people will receive €1,200, or about $1,430, each month for three years — an amount just above Germany’s poverty line — and researchers will compare their experiences with another group of 1,380 people who will not receive the payments.
A Universal Basic Income (UBI) would improve everyone’s lives, increase our free time, empower workers, and ensure everyone has food and a roof over their head. These are noble goals, but obviously there’s a downside or it would already be implemented, right?
Researchers published ongoing findings, which indicate UBI can help solve everyday emergencies. Recipients reported spending money on groceries, utility bills, credit card debt, dental work and a prom dress for their daughter. They were feeling less anxious and spending more time with their families.
Europe’s first national, government-backed basic income experiment did not do much to encourage recipients into work but did improve their mental wellbeing, confidence and life satisfaction, according to the first big study of a Finnish scheme that has attracted fresh interest in the coronavirus outbreak.