Results are out for the guaranteed basic income pilot in Paterson, New Jersey where 110 people got $400/mo for a year.
Pilot participants increased their incomes significantly to $24,810 from an average of $16,604. The control group ended up at $19k.
While the control group's ability to cover a $400 emergency sharply declined, basic income recipients not only maintained their ability, but over 15% saved more than $500.
