Santa Monica tries out universal basic income on seniors

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Rolls of cash. Photo credit: NikolayFrolochkin/Pixabay.

Seniors are one of the fastest demographics to fall into homelessness. That’s why Santa Monica is giving some of its low-income seniors a monthly check ranging from $200-700, so they’re less likely to be forced out of the expensive city. It’s gone so well that Santa Monica is expanding the program to include a couple hundred seniors (from a couple dozen originally).