As promised last week, the inks for that page.
And a fun video.
A Canadian study gave $7,500 to homeless people. Here’s how they spent it.
Because they were participating in a randomized controlled trial, their outcomes were compared to those of a control group: 65 homeless people who didn’t receive any cash. Both cash recipients and people in the control group got access to workshops and coaching focused on developing life skills and plans.
Separately, the research team conducted a survey, asking 1,100 people to predict how recipients of an unconditional $7,500 transfer would spend the cash. They predicted that recipients would spend 81 percent more on “temptation goods” like alcohol, drugs, or tobacco if they were homeless than if they were not.
The results proved that prediction wrong. The recipients of the cash transfers did not increase spending on drugs, tobacco, and alcohol, but did increase spending on food, clothes, and rent, according to self-reports. What’s more, they moved into stable housing faster and saved enough money to maintain financial security over the year of follow-up.
That’s it for this Monday. Remember to pull your pants up so you don’t trip over your legs.
Awesome ! Looking forward to more posts 🙂