It may already exist. An op-ed piece in the Washington Post summarizes research suggesting that the miracle treatment just may be … cash.
Here’s a good example of removing a structural barrier from the paths of low-income individuals by addressing an exploitative practice at the policy level. Recently Gov. Jerry Brown signed legislation to eliminate cash bail in California. The change aims to treat both rich and poor fairly by eliminating a practice (widespread throughout the country) that … Read more
That’s what Stockton, CA is pondering. The city’s mayor will soon unroll an experiment to give $500 cash every month to a select group of families for about 18 months. You can read more about it here.
With the rising cost of housing and the stagnation of wages, many low-income workers depend on payday loans to make ends meet — at an average annualized interest rate of 390 percent. Now, a Democratic senator has proposed an alternative: low-cost banking through the postal system. It’s an idea that can be implemented without any … Read more