1min snip

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

NOTE

Effectiveness of Cash Transfer in Reducing Homelessness and Costs

A year-long study showed that cash transfers reduced homelessness by 99 days per person, leading to significant benefits such as decreased risk of harm, assaults, substance use, and mental health issues. Recipients became less reliant on social services, saving the government an average of $8,277 per person. The net savings from the cash transfer program exceeded $700, indicating its cost-effectiveness. Data challenges the stereotype that low-income people may misuse the money, suggesting that cash transfer programs can be beneficial.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode