Finland summed up the largest experiment with basic income

Finland summed up the results of the largest experiment with the payment of an unconditional basic income to citizens, which was carried out in 2017-2018.

The experiment was launched in November 2017 and involved 2, 000 randomly selected unemployed Finnish citizens. An important point - it was impossible to refuse, the event had the force of law. Each of them received 560 euros monthly without any conditions, the organizers of the experiment did not require reporting and did not track what the money was spent on. But they tried to involve in the event people from all climatic and economic zones of the country, with different incomes and living conditions.

The indicators of beneficiaries were compared with the data of 173 thousand officially unemployed who receive a standard benefit. It turned out that the recipients of unconditional income worked only 78 days in a year - 6 days more than the official unemployed. All of them noted an increase in their mood and well-being, every second began to look to the future with confidence. The financial aid reassured people, and according to the findings of analysts, it did not become an incentive for them to give up work altogether.