Megan McArdle: Cash Transfer Revealed as a Poor Solution to Address Poverty in America

Inside Sources

In recent years, the idea of combating poverty through direct cash transfers has gained traction, promising a simple yet potentially revolutionary approach to improving lives. However, new research challenges the effectiveness of this strategy, revealing unexpected outcomes and limited benefits for recipients. As policymakers and philanthropists grapple with these findings, we are forced to reconsider our assumptions about poverty alleviation and the role of financial assistance. How can we help those around us in the most effective ways to create lasting positive change in society? Megan McArdle from the Washington Post talks with Boyd about her reporting.