The Impact of Guaranteed Income on Children and Society

This chapter explores the positive effects of a guaranteed income program in Cambridge, which led to improved academic performance in children and altered parental expectations regarding higher education. It examines the broader macroeconomic implications of universal basic income, including shifts in labor dynamics and the cultural resistance faced by unconditional cash support. The discussion also highlights the implications for poverty alleviation, particularly for low-income families, and reflects on changing societal perspectives towards financial aid.