Family Finances

Cash Transfers in the U.S. are Exploding: Here’s How to Make them Effective, During COVID-19 and Beyond

June 18, 2020  • Financial Security Program

FSP Associate Director Rachel Black and Manager Sheida Elmi wrote this article on guaranteed income for Next Billion on 6/18/20. Click here to access the full article.

“Editor’s note: This article is part of NextBillion’s series “Enterprise in the Time of Coronavirus,” which explores how the business and development sectors are responding to the pandemic. For news updates and analysis, virtual events, and links to useful resources related to the COVID-19 crisis, check out our coronavirus resource page.

The U.S., joining actions taken in countries around the world, has deployed direct cash transfers to families as a strategy for mitigating the hardship imposed by COVID-19. Indeed, the coronavirus pandemic has increased interest in cash transfers among governments, foundations, nonprofit organizations and other entities both in the U.S. and abroad. Cash infusions — policies or programs that provide money directly in some form — have been planned, introduced or adapted by over 130 countries in response to COVID-19…”