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... Now, a new study finds that the city-funded program was overwhelmingly beneficial.
Participants in the program experienced a host of financial benefits, according to an analysis co-authored by University of Pennsylvania and UCLA researchers. Beyond that, the study found, the initiative gave people the time and space to make deeper changes in their lives. That included landing better jobs, leaving unsafe living conditions and escaping abusive relationships.
"If you are trapped in financial scarcity, you are also trapped in time scarcity," Dr. Amy Castro, co-founder of the University of Pennsylvania's Center for Guaranteed Income Research, told The Times. "There's no time for yourself; there's no time for your kids, your neighbors or anybody else." ...
Researchers found that participants reported a meaningful increase in savings and were more likely to be able to cover a $400 emergency during and after the program. Guaranteed-income recipients also were more likely to secure full-time or part-time employment, or to be looking for work, rather than being unemployed and not looking for work, the study found.
"Instead of taking the very first job that was available, that might not have been a lasting, good fit for the family, [the participants were] saying, H old on a minute, I have a moment to sit and think and breathe, and think about where I want my family to be,' " said Dr. Stacia West, also a co-founder of the University of Pennsylvania's Center for Guaranteed Income Research. ...
