Universal Basic Income (UBI)

Universal Basic Income (UBI) is a financial support system where all citizens receive a regular, unconditional sum of Money from the government, regardless of other income. The ultimate goal is to reduce poverty and inequality while providing a safety net for individuals. Examples of UBI trials include Finland’s 2017-2018 experiment, where 2,000 unemployed citizens received monthly payments, and the Stockton Economic Empowerment Demonstration in California, where low-income residents received $500 monthly. These cases showcase the potential impact on quality of life and economic stability.