Germany Begins Universal Basic Income Trial With People Getting $1,400 a Month For 3 Years
Starting this week, 120 Germans will receive a form of universal basic income every month for three years. Business Insider reports: Germany is about to become the latest country to trial a universal basic income, starting a three-year study of how it affects the economy and recipients' well-being. As part of the study, 120 people will receive 1,200 euros, or about $1,430, each month for three years -- an amount just above Germany's poverty line -- and researchers will compare their experiences with another group of 1,380 people who will not receive the payments. The study, conducted by the German Institute for Economic Research, has been funded by 140,000 private donations. All participants will be asked to complete questionnaires about their lives, work, and emotional state to see whether a basic income has had a significant impact. A pro-basic-income lobbying group called Mein Grundeinkommen is funding the experiment. The group has used donations from its supporters to fund monthly 1,000-euro payments for 668 people since 2014.
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