Levelling the Mental Health Gradient among Young People: How Universal Basic Income can address the crisis in anxiety and depression: Interim Report

New research from the RSA in partnership with a multidisciplinary team led by Matthew Johnson, Professor in Politics at Northumbria University, explores the possible benefits of a universal basic income in the UK.In the context of the basic income trial in Wales, which will see care leavers receive £1,600 per month, we identify the potential wellbeing impacts of a more universal trial and the financial implications of the policy.In 2021, the RSA held workshops with young people to understand more about their financial lives, and what impact a UBI might have on their wellbeing. We found that:* The current system does not work for young people and they face a trade-off between work, study and leisure.* Young people realise how important education is to their future, but their efforts are being undermined by a lack of necessary financial security.* Young people support UBI in general and tend to believe a UBI should be paid on top of some existing benefits.The RSA’s workshops are supported by economic analysis from Landman Economics which finds that a UBI is affordable and has potential as a preventative health strategy. Further, new polling reveals high public support for a UBI, suggesting there is appetite to explore the policy beyond the current trial in Wales