9min chapter

The Happiness Lab with Dr. Laurie Santos cover image

Giving Away Cash Makes You Happy... and Transforms Lives

The Happiness Lab with Dr. Laurie Santos

CHAPTER

The Transformative Effects of Cash Transfers on Poverty and Homelessness

This chapter explores how cash transfers can alleviate poverty and homelessness, citing a study in Vancouver where substance use declined after participants received cash. It challenges stereotypes about poverty and homelessness and emphasizes the potential savings and reduction in poverty that can come from redirecting government spending. The chapter also introduces a nonprofit that gives cash directly to those in need, highlighting the power of cash transfers to transform lives.

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