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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://xoxo.zone/users/KevinMarks/statuses/112840541082771257">Kevin Marks (kevinmarks@xoxo.zone)'s status on Wednesday, 24-Jul-2024 18:48:01 JST</a><a href="https://xoxo.zone/@KevinMarks" title="kevinmarks@xoxo.zone"><img src="https://gnusocial.jp/avatar/25142-48-20221112232850.webp" width="48" height="48" alt="Kevin Marks" style="position: absolute; left: 0; top: 0;">Kevin Marks</a></section><article><p>Reporting of the latest UBI test programme is ignoring the key finding, obvious to anyone who knows low income people, that their first impulse was to spread the wealth to others.<br>This thinking is so alien to economists and financial types that they barely discuss it. <a href="https://www.openresearchlab.org/findings/key-findings-spending" rel="nofollow noreferrer">https://www.openresearchlab.org/findings/key-findings-spending</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3421041#notice-6726836">In conversation</a><time datetime="2024-07-24T18:48:01+09:00" title="Wednesday, 24-Jul-2024 18:48:01 JST">about 4 months ago</time> <span>from <span><a href="https://xoxo.zone/@KevinMarks/112840541082771257" rel="external" title="Sent from xoxo.zone via ActivityPub">xoxo.zone</a></span></span><a href="https://xoxo.zone/@KevinMarks/112840541082771257">permalink</a><h4>Attachments</h4><ol><li><label><a rel="external" href="https://gnusocial.jp/attachment/2949348">“Cash provides increased flexibility to support others.Recipients of the cash transfers also provided significantly more financial support to others. As a percentage of the average spending for control participants, we find the greatest increase on support to others. Spending on others increased by an average of $22 per month—a 26% increase relative to control participants. This measure captures spending on gifts to friends and family, loans to others, donations to charity, and alimony payments. The visualization below shows the impact of the cash transfers on monthly spending across categories as a percentage of the average spending among control participants.” Bar graph shows help to others is the biggest spending increase</a></label><br><a href="https://xoxo-media.sfo2.cdn.digitaloceanspaces.com/media_attachments/files/112/840/540/831/762/356/original/0064a02a4f15c381.png" rel="external">https://xoxo-media.sfo2.cdn.digitaloceanspaces.com/media_attachments/files/112/840/540/831/762/356/original/0064a02a4f15c381.png</a></li><li><article><header><div>Domain not in remote thumbnail source whitelist: openresearch-web.transforms.svdcdn.com</div><h5><a href="https://www.openresearchlab.org/findings/key-findings-spending">Key Findings: Spending | Findings</a></h5><div> from <span>@</span></div></header><div>Cash is flexible and allows people to spend on their unique needs.</div><footer></footer></article></li></ol></footer></blockquote>

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Kevin Marks (kevinmarks@xoxo.zone)'s status on Wednesday, 24-Jul-2024 18:48:01 JST Kevin Marks
Reporting of the latest UBI test programme is ignoring the key finding, obvious to anyone who knows low income people, that their first impulse was to spread the wealth to others.
This thinking is so alien to economists and financial types that they barely discuss it. https://www.openresearchlab.org/findings/key-findings-spending
In conversationabout 4 months ago from xoxo.zonepermalink
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1. “Cash provides increased flexibility to support others. Recipients of the cash transfers also provided significantly more financial support to others. As a percentage of the average spending for control participants, we find the greatest increase on support to others. Spending on others increased by an average of $22 per month—a 26% increase relative to control participants. This measure captures spending on gifts to friends and family, loans to others, donations to charity, and alimony payments. The visualization below shows the impact of the cash transfers on monthly spending across categories as a percentage of the average spending among control participants.” Bar graph shows help to others is the biggest spending increase
  https://xoxo-media.sfo2.cdn.digitaloceanspaces.com/media_attachments/files/112/840/540/831/762/356/original/0064a02a4f15c381.png
2. Domain not in remote thumbnail source whitelist: openresearch-web.transforms.svdcdn.com
  Key Findings: Spending | Findings
  from @
  Cash is flexible and allows people to spend on their unique needs.

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