Here's What Happens When You Give People Free Money (They Get Poorer)
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Examining the Impact of Giving Free Money on Recipients' Well-being
The chapter explores the outcomes of a 10-year study led by OpenAI CEO Sam Altman on the impact of providing $1,000 a month to some of the poorest Americans with no strings attached. While recipients mainly used the money for necessities, it was insufficient to significantly enhance their well-being or financial stability.
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