The public has the wrong idea about what homeless people would do after coming into a large amount of money. A University of B.C. study published in the Proceedings of the National Academy of Sciences unveils this stark contrast between public perception and reality when it comes to how homeless people manage their finances.
James was among the people experiencing homelessness who received a cash transfer as part of the study. Credit: Foundations for Social Change
Participants in a U.S. survey of more than 1,100 people predicted that recipients of an unconditional $7,500 cash transfer would spend 81% more on"temptation goods" such as alcohol, drugs and tobacco if they were homeless than if they were not.
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