The Economic Security Project
Exploring the potential of cash stipends to alleviate poverty
The Economic Security Project is a two-year initiative exploring the potential of unconditional cash stipends to enable people to pursue the work and life they choose. In a time of immense wealth, billions still live in poverty, and many in the middle class feel consigned to a future of permanent stagnation or anxiety. Automation, globalization, and financialization are changing the nature of work, and these shifts require rethinking how to guarantee economic opportunity for all. The project’s members believe that cash might be the most effective and efficient way to provide financial security for more people. The project aims to explore how recurring, unconditional cash stipends could work, how to pay for them, and what the political path might be to make them a reality, even while many are engaged in protecting the existing safety net. The project is funding a range of efforts, including academic research, state and local basic income campaigns, and cultural projects related to economic security. The Hopewell Fund fiscally sponsors the Economic Security Project, providing management for nearly a dozen contracts and grants management for community-based organizations, think tanks, advocacy organizations, and NGOs in the United States and France.