Guaranteed Income Works: Data from Shreveport, la

The City of Shreveport's Guaranteed Income Program

The City of Shreveport's Guaranteed Income Program (SGIP) provided $660 per month to 110 families for 12 months. To qualify, Shreveport residents had to be single parents or guardians with a school-aged child and an income below 120% of the Federal Poverty Level. Initiated by Mayor Adrian Perkins, SGIP was administered by the City of Shreveport and United Way of Northwest Louisiana through the Shreveport Financial Empowerment Center. The initial six months were funded entirely by private donations and the remaining six months were funded entirely by the Caddo Parish Commission.

Both recipients and people in the control group were randomly selected from qualified applicants. Researchers found that recipients exhibited greater financial stability, higher levels of food security, improved housing stability, increased time and space for parenting and an increased sense of personal agency.

Key Takeaways

The Shreveport Guaranteed Income Program’s primary goal was to stabilize families in the wake of the COVID-19 pandemic. Overall, the SGIP demonstrated its potential to bring about transformative change in the lives of participants, leading to greater financial stability, improved food and housing security, increased parent-child time and an overall higher level of wellness. These results confirm the power of guaranteed income to improve the financial stability of families and create a more resilient economy.