Andrew Yang’s Freedom Dividend: How Would It Affect YOU? — Quick Thoughts On How A Universal Basic Income Would Affect Americans.

Rich Americans

Key stats:

  • The top 10% of Americans own 84% of the Stock Market [Ref: PolitiFact]

Rich Americans who own land and/or businesses will see a boost in the buying power of their markets (assuming they do business with Americans). A strong economic foundation will allow for economic expansion on Main Street as a result of more people in their community being able to have increased disposable income for social activities — and the Stock Market should see expansion as a direct result of increased consumer confidence and hundreds of millions of Americans being more able to invest in the market themselves. 

The ability for Americans to achieve great wealth will be greatly augmented. The average American will not only have the ability to fail [50% of businesses fail, 20% the first year], but for most small businesses, their consumer is an average American or someone within their community, who will all have more disposable income.

Average Americans

Key stats:

  • 40% of Americans would struggle to pay an unexpected $400 bill in a given month
    [Ref: CNBC | Bloomberg]
  • The lower 90% of Americans own only 16% of the stock market [Ref: PolitiFact]

Andrew Yang’s Freedom Dividend would mean the average American would see a 250% increase in their monthly reserve (from $400 to $1,400) — this may influence their ability to buy higher quality foods, pay off debts, invest, or enjoy social activities. 

The more the stock market grows, the further and further the average American is getting left behind. An extra $1,000 a month would provide security to the average American to take more risk in investments. 

Minimum Wagers

Key stats:

  • Federal Minimum Wage — $7.25 per hour
  • Work Hours (Full-time) — 2,080 hours per full-time work year

In 2017, 80.4 million workers age 16 and older in the United States were paid at hourly rates, representing 58.3 percent of all wage and salary workers.

Among those paid by the hour, 542,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour.

About 1.3 million had wages below the federal minimum. Together, these 1.8 million workers with wages at or below the federal minimum made up 2.3 percent of all hourly paid workers. [Ref:]

At 40 hours a week, 52 weeks a year, the minimum wage worker (base) making $7.25/hr racks up $15,080 per year.

For a family of 4, poverty line is established at $12.60/hr

For a full-time worker working 40 hours/week, every week of the year, a $1 increase in hourly pay will increase their annual earnings by $2,080


Minimum wage may have had good intentions at one point in time, but it is self-defeating these days. It demands all of a person’s time, and struggles to keep pace with inflation and true cost of living. In effect, it serves much more like the length of chain you would give to your dog to let them roam. 

Effect on Worker: Implementation of Yang’s Freedom Dividend would provide the equivalent of $5.77/hr raise in wage. Its unconditionality provides the leverage to workers to negotiate for hours and treatment that dignifies their life. 

Effect on Employer: Implementation of Yang’s Freedom Dividend would relieve employers from the burden of minimum wage — a significant barrier for small businesses.

Homeless Americans

Key stats:

  • Homeless per night in America — 553,000 people
  • 11% of homeless are United States Veterans
  • 25% of homeless population are employed
  • 40-60% of the homeless population floats in and out of full-time and part-time work

Key Causes

Rates of homelessness reflect trends in the country’s economy as well as factors in the individual’s health or lifestyle. In most cases, homelessness is the result of multiple factors leading to poverty and loss of material security. The National Coalition for the Homeless (NCH) lists some of the key economic factors that contribute to homelessness in the US:

  • Home foreclosures
  • Lack of affordable healthcare
  • Loss of job opportunities
  • Lack of public assistance programs
  • Lack of affordable housing


In the 2014 U.S. Conference of Mayors Survey, mental illness and substance abuse were two of the main reasons for homelessness cited by American cities. Mental illness, substance abuse, and adequate treatment programs for both conditions were cited by 43 percent of participating cities as primary causes of homelessness among individuals.


Effect on Homeless: For more than half a million people in the United States, $1,000 a month, unconditionally, would mean they could move to Harlingen, TX — where the average rent is $717/month, and the average meal is $12. They won’t be able to stay in San Francisco, where the average rent is $3,600/month.

Effect on Society: You’ll never feel the guilt to pull out a dollar because you’ll know they get $1,000 a month cash, and they just need to take some responsibility. Your cities will be cleaner and safer because the homeless population will either migrate to places where they can afford to live, or those who simply don’t make enough to afford housing where they work may be able to afford rent — making our amazing American cities more inviting for tourists and business. Will help allocate business and cash flow to more of middle America — spurring economic opportunity in these regions. 


Key stats:

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