From scarcity to security: Participant well‐being in the first 2 years of a basic income pilot

Abstract

AbstractThis article describes the mental well‐being outcomes of participants in the HudsonUP pilot, a 5‐year basic income initiative for low to mid‐income residents of Hudson, NY. The study employs a mixed‐methods approach, including both quantitative surveys and qualitative phenomenological interviews, to better understand participants' experiences 2 years into the pilot. Through the lens of the psychological theory of scarcity, findings indicate that the HudsonUP program has improved the overall mental well‐being of the participants by reducing the stress and anxiety associated with financial insecurity and helping them to meet their basic needs, pursue further education, and career opportunities. Despite the challenges of the ongoing pandemic and inflation, participants expressed gratitude for the “undercurrent of stability” provided by the program.