Financial Planning & Planning for the Future
- On average, there was a 5% increase in the likelihood of having a budget among recipients compared to control participants.
- Recipients reported an 8% increase in planning for large expenses relative to the average control participant.
- Recipients spent significantly more time on finances than control participants—roughly 20 minutes more per month on average.
- Recipients also reported significant increases in their desire to plan for the future and willingness to delay instant gratification for future benefit.*
*On a 7-point scale, the increase in high cash recipients’ reported desire to plan for the future is equivalent to 1.5% of the average among low cash recipients, and the increase in willingness to give up something that is beneficial today in order to benefit more from that in the future is 2% of the low cash average.