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US Equity - Strategy Note
24 Feb 2021
Universal Basic Income Has Arrived – How Long Will it Last?
A test of universal basic income (UBI) has arrived in the United States. This is a direct result of the pandemic-related relief bills and executive actions of Washington, DC. The market and political question will be how long it lasts. With the likely passage of the $1.9 trillion “American Rescue Plan,” a family of four with a household income will receive at least $14,000 in federal support this year, $11,000 of which will be directly deposited into their bank account.
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