12 votes

Stimulus checks substantially reduced hardship, study shows

5 comments

  1. [2]
    skybrian
    (edited )
    Link
    From the article: Here is the study. (PDF)

    From the article:

    While the ability of cash payments to reduce hardship might seem obvious, Mr. Shaefer pointed out that critics of such aid often warn that the needy might waste it. He argued that the size, speed and variety of the hardship reductions vindicated the use of broad cash relief. While other forms of pandemic aid have been better targeted, some have taken many months to distribute and can be used only for dedicated purposes like food or housing.

    Here is the study. (PDF)

    5 votes
    1. dubteedub
      Link Parent
      This seems like good evidence to support a universal basic income. Even if it is just a few hundred dollars, that would be enough to help people's basic needs, buy groceries, keep the lights on,...

      This seems like good evidence to support a universal basic income. Even if it is just a few hundred dollars, that would be enough to help people's basic needs, buy groceries, keep the lights on, and maybe actually save some money for once. God knows this country needs it.

      8 votes
  2. [3]
    Gatonegro
    Link
    Giving people money during a global public health crisis that has caused enormous damage to the world economy, so they can at least afford the basics for themselves and their families, reduced...
    1. [2]
      skybrian
      Link Parent
      This seems dismissive? Yes, it’s unsurprising, but the point of doing a study is to check that something counterintuitive didn’t happen and to see how big the effect was.

      This seems dismissive? Yes, it’s unsurprising, but the point of doing a study is to check that something counterintuitive didn’t happen and to see how big the effect was.

      7 votes
      1. Gatonegro
        (edited )
        Link Parent
        It was dismissive, yes. That was my first reaction to the article, because it seemed obvious to me that giving folks some relief money during a time like this would've reduced hardship in many...

        It was dismissive, yes. That was my first reaction to the article, because it seemed obvious to me that giving folks some relief money during a time like this would've reduced hardship in many ways. That being said, you're right about the point of such a study. Especially when one of the arguments against giving people aid in cash is that it would make them lazy or something. So yes, fair point.

        7 votes