The Happiness Lab with Dr. Laurie Santos Giving Away Cash Makes You Happy... and Transforms Lives
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Nov 27, 2023 
Rory Stewart, a former British politician and aid manager, now champions direct cash giving after discovering its surprising effectiveness in fighting poverty. Jane Zhao, a psychology professor, shares insights on how providing cash can empower those in need, challenging traditional welfare methods. They reveal how direct financial support creates more significant, sustainable change, highlighting powerful stories from communities in Rwanda. Tune in for a compelling case that giving cash not only lifts others but also enhances the giver's happiness.
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Cash Transfers for Homelessness
- Traditional approaches to homelessness, like shelters and social workers, are proving ineffective.
- Cash transfers offer a more effective solution by empowering individuals to address their own needs.
Vancouver Cash Transfer Study
- In a Vancouver study, a one-time $7,500 cash transfer reduced homelessness by 99 days per person.
- This approach also saved the government money compared to traditional services.
Cash Transfer Spending Habits
- Stereotypes about low-income people misusing cash are inaccurate.
- Data show cash recipients prioritize essential needs like rent and food.