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Chris Weller/Business Insider A 12-year basic income experiment in Kenya is showing that people typically spend free cash on necessities. Contrary to prevailing myths, people don’t seem to work less or waste the money on vices like alcohol. More research will eventually reveal whether these initial findings are an anomaly or the typical experience of […]
Chris Weller/Business Insider The Pineapple Fund, a bitcoin charity project, has announced a $ 5 million donation in bitcoin to GiveDirectly. GiveDirectly is a charity that conducts a basic income experiment in Kenya and issues cash transfers in other East African countries. Two of the year’s trendiest niche ideas, basic income and bitcoin, have finally […]
George Frey / Stringer / Getty Images • The GOP’s tax plan is far from finalized — Senate and House Republicans must agree on a final version of their plan before it can move forward. • So far, both plans have attracted plenty of criticism. • Career site Zippia broke down how the Senate tax […]
Thanks to a profitable casino, an Indian tribe gives its members sizeable cash payments. It’s called a basic income and might be the solution to job losses brought on by automation and globalization. https://media.wired.com/photos/5a05fc272a76145d1c96ebed/master/pass/YaelMalka_WIRED_Cherokee_BasicIncome2017-7.jpg Feed: All Latest
Acorns Acorns, the fintech app that allows users to invest their spare change, is witnessing strong growth with more than 2.2 million accounts in the US. Business Insider recently sat down with Noah Kerner, the firm’s CEO, to discuss the firm’s mission, the growth of its editorial content, and his thoughts on finance hype. Kerner […]
It’s all a matter of degree “HERE’S what nobody is telling you: Find a husband on campus before you graduate,” wrote Susan Patton, a human-resources consultant, in 2013. In an infamous letter to the editor of Princeton’s student newspaper, Ms Patton warned female students at the university that they will “never again be surrounded by […]
Mario Tama/Getty Images This fact sheet provides key numbers from Tuesday’s new Census reports, Income and Poverty in the United States: 2016 and The Supplemental Poverty Measure: 2016. Each section has headline statistics from the reports for 2016, as well as comparisons to the previous year, to 2007 (the final year of the economic expansion that preceded the […]
The American middle class just got a little richer. On Thursday, the U.S. Census Bureau released its 2016 American Community Survey, an annual survey that measures various economic, social, and housing data among US residents. According to the survey, the national median household income rose to $ 59,039 —an increase of 3.2% from the previous […]
For many, a six-figure salary is a pie-in-the-sky dream — a life of lavish homes, luxury services, and being able to order guac at Chipotle without worrying about the extra cost. But is that what earning a six-figure income is REALLY like? Or does life pretty much stay the same when you add that extra […]
“The reality is that for many women who have decided they want an abortion, it’s still unaffordable and unattainable,” deputy Labor leader Tanya Plibersek said in a speech last week. Plibersek added abortion drug RU486 to Australia’s Pharmaceutical Benefits Scheme (PBS) in 2013 when she was health minister. The medicine was supposed to cost $ […]
