Universal Basic Income v. Depression

Universal basic income (UBI) is an idea that would provide a regular, unconditional cash payment to all citizens regardless of their employment status or income. One argument for UBI is that it could lead to a decrease in depression rates because it would provide people with a sense of financial security, which can be a major source of stress and anxiety.

With a guaranteed income, people would be less likely to experience poverty and the associated negative effects on mental health, such as feelings of hopelessness and helplessness. UBI would also allow people to pursue their goals and interests without worrying about how they will pay their bills. This could lead to increased feelings of self-worth, purpose and control over one’s life, which are associated with better mental health outcomes.

Additionally, UBI could also provide opportunities for people to access health care, education and other services that can improve their overall well-being, which would also help to decrease depression rates.

It’s worth noting that UBI is still a proposal and there is no concrete evidence that it would decrease depression rates.