March 8, 2019

WE ALL KNOW WHERE WE'RE HEADED:

Ontario's basic income was working amazingly well before it got canceled  (EILLIE ANZILOTTI, 3/05/19, Fast Company)

Last year, shortly after conservative Doug Ford was elected to lead the Canadian province of Ontario, the government canceled the revolutionary basic income pilot it had been running since 2017. [...]

To put some data to those signposts of success, BICN found that the extra money enabled people to take charge of their lives in new ways: Around 32% of recipients went back to school or received new job training to start a different career, and 9% started a new business or expanded an existing one. One-third of respondents were able to stop relying on food banks for meals, and around 75% said they were able to make healthier food choices.

Around 46% of respondents paid off outstanding debts, and almost all reported feeling more financially stable and prepared for emergencies-significant, given that around 40% of people in the U.S. would not be able to cover a $400 emergency. One recipient described how the extra money allowed him to pay off debt to the city and avoid foreclosure on his home. Around 60% of the participants were able to improve their housing, either by completing outstanding repairs or relocating to a better place.

Non-financial benefits also proliferated. Rates of people volunteering in their communities went up. Some respondents said the extra money helped them start exercising and focusing on their health, and many said they were able to spend more quality time with their families and friends. Around 88% of people saw their stress levels decline, and rates of depression dropped 73%.

Posted by at March 8, 2019 6:26 PM

  

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