Part 4/9:
Economic and Entrepreneurial Impacts
The study also observed a boost in overall spending, benefiting local economies and businesses. Participants invested in paying off debts, starting small ventures, or enhancing their quality of life, aligning with prior studies in Alaska and Africa where UBI fostered entrepreneurial activity.
There was a particularly striking 26% increase in support for others, illustrating how financial security encourages altruism and community support. Additionally, food and beverage spending ranked highest among expenses, underscoring the pressure of inflationary costs.