In this report, we share some of the findings revealed during our Youth Cash Transfer program and study. This guaranteed income (GI) program was the first study conducted exclusively with high school students and was the youngest group of participants in a GI study to date. The aim of this micro-pilot was to determine proof of concept and potential implementation structures for a GI program with high school students prior to engaging in a larger experiment.
Some of our preliminary findings include the following:
- Young people are capable of effectively managing their finances
- GI programs can act as a powerful tool for teaching financial literacy
- Students reported being more aware of the value of their time and being less willing to tolerate poor working conditions