A nonprofit organization led a study that explores what might happen if people who are homeless are given financial support and the results may surprise you.
Foundations for Social Change, a Canadian charitable organization based in Vancouver, British Columbia, teamed up with the University of British Columbia for a social program, called the New Leaf Project. Researchers gave 7,500 Canadian dollars (approximately $5,717.27) via direct transfer to 50 people who had recently become homeless. The people were free to use the money as they saw fit with no restrictions.
To the surprise of the researchers, most of the recipients used the cash to turn their lives around. “Preliminary results show that on average, those receiving the direct cash payment moved into stable housing faster, maintained a level of financial security and stability over 12 months of follow-up, and increased their spending on food, clothing and rent,” said Foundations for Social