TY  - RPRT
        AU  - Kalsi, Priti
AU  - Phillips, David
AU  - Swanson, Ryan
AU  - Turner, Patrick S
        TI  - How Temporary Cash Transfers Affect Household Finances
        PY  - 2026/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 19088
        UR  - https://www.iza.org/publications/dp19088
        AB  - We evaluate a guaranteed basic income experiment providing twelve monthly $500 transfers to very low-income US households. During the final month of payments, a survey index of financial distress declined by 0.18 SD, and an overall well-being index increased by 0.15 SD. By contrast, collections balances from credit reports show no change during transfers and likely increase for some recipients in the year after transfers end. These results appear to be driven by changes in financial decision-making including shifts away from informal borrowing and toward future returns.
        KW  - guaranteed basic income
KW  - unconditional cash transfers
KW  - household finance
KW  - informal borrowing
KW  - financial distress
KW  - credit outcomes
KW  - scarcity
        ER  -