Photo: Yan Krukov | Pexels
Given cash, low- and middle-income parents increased spending on their children's education, according to a nearly twenty-year research study done on recipients of the Alaska Permanent Fund. Financed by state oil revenues, the funds are equivalent to a universal basic income. Payments average around $1,812 per person per year. The data suggests that lower-income parents are responsible using cash payments, so we don't need to be so afraid to give poor people money that can help their families, Amorim said. Most low-income people used the funds to catch up on bills and repairs, going against the common misconception that low-income residents will misuse monetary aid.
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