$50 a week for 40 weeks: How no-strings cash changed the lives of teens — from hechingerreport.org by Neal Morton
A cash transfer program for high schoolers resulted in better attendance and more financial literacy, but no improvement in grades
“The $50 study,” as it’s known, began at Rooted School, a local charter school, as an experiment to increase attendance. The study has since grown to eight other high schools in the city, as well as Rooted’s sister campus in Indianapolis, with students randomly selected to receive $50 every week for 40 weeks, or $2,000 total. By comparing their spending and savings habits to a larger control group, researchers wanted to figure out whether the money improved a teen’s financial capability and perception of themselves. They also wanted to know: Could the cash boost their grade-point averages and reading scores?
From DSC:
An interesting experiment.