Project that gave $500 a month to some California residents shows that such efforts could have a 'profound impact on public health, researchers say | CNN

Results are out from a two-year experiment testing the effects of guaranteed income on residents of Stockton, California — but the findings were complicated by the start of the Covid-19 pandemic, researchers say.

Results are out from a two-year experiment testing the effects of guaranteed income on residents of Stockton, California – but the findings were complicated by the start of the Covid-19 pandemic, researchers say. The program, dubbed the Stockton Economic Empowerment Demonstration or SEED, gave monthly payments of $500 to 131 people starting in February 2019. There was also a control group of 200 Stockton residents.

Overall, the researchers said, their findings appear to show “that guaranteed income, under normative economic and health conditions, does calm income volatility and allay financial emotional and psychological distress” and could have a “profound” impact on public health. “We never could have predicted the ways that the concept of unconditional cash has spread around the country and across both sides of the political aisle with serious public investment in the concept of unconditional cash.

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