UBI

Universal basic income pros and cons —according to experts

Tech Insider : Economy
Grocery bag filled with symbols of money, bills, housing, and healthcare
Universal basic income provides recurring cash payments, no strings attached.

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75 artists received $9,000 each in a basic income trial. The cash helped a yarn guru to buy a house and a new car.

Tech Insider : Economy, Economy
Artist Torri Hanna
Torri Hanna said the basic income program helped her navigate a tough period of her life.

Torri Hanna

Universal basic income: What UBI is, how it works, how it would affect the economy, and what supporters and critics say

Tech Insider : Economy
a family with young children stands in front of their home
Universal basic income offers people recurring cash payments, no strings attached.

MoMo Productions / Getty Images

The Alaska Permanent Fund isn't exactly universal basic income, but offers similar benefits to UBI. Here's how it works.

Tech Insider : Economy
An image shows the skyline of Anchorage, Alaska, with snow-capped mountains in the background.
Alaska's Permanent Fund Dividend gave residents over $1,300 in 2023.

Rocky Grimes/Shutterstock

Basic income lets some parents afford toys and new shoes for their kids. One mother said it was 'life-changing.'

Tech Insider : Economy, Economy
Parents and their two young children play with toys
Beyond necessities, guaranteed basic income allows some parents to afford toys or activities for their kids.

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Illinois is launching a basic income pilot for 400 families in the child welfare system in the hopes of reducing maltreatment

Tech Insider : Economy, Economy, Politics
A mother holds her toddler, who is playing with a model airplane
An Illinois guaranteed basic income program will give cash to 800 families involved in the child welfare system.

d3sign / Getty Images

A $2.30-a-day basic income trial is trying to save the Amazon rainforest

Tech Insider : Economy
People of a Peruvian Amazonian community, seen from the rear, walk along a dirt track amid lush greenery.
$2.30 is enough to feed a family in the Peruvian Amazon for a day.

Cool Earth

Birmingham gave single mothers $375 monthly for a year, no strings attached. Participants felt more financially stable, but 'losing the money hurt.'

Tech Insider : Economy, Economy
A woman holds a young child outside and kisses their cheek.
A guaranteed basic income program in Birmingham, Alabama gave 110 single mothers $375 a month for a year.

MoMo Productions / Getty Images

A guaranteed basic income program helped a millennial afford a crib for her newborn when her income dipped during maternity leave

Tech Insider : Economy, Economy
A mother leans over her newborns crib, giving him a pacifier
Tatiana Lopez, 39, (not pictured) is a new mom and participant in Flint, Michigan's guaranteed basic income pilot.

Rawpixel / Getty Images

Meet the new moms using up to $700 in monthly basic income to afford childcare. It could be the answer to helping parents stay employed.

Tech Insider : Economy, Economy
Collage of money, housing, food, and family.
Some parents say guaranteed basic income helped them afford childcare, allowing them to secure jobs and promotions at work.

Getty Images; Jenny Chang-Rodriguez/BI

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