If you live in Germany you could get 1200 EUR each month for the next 3 years without doing anything. The basic income experiment is in its final phase.

Experimenting with basic income is not something new in the world. Finland did a similar experiment 2 years ago with 2000 candidates receiving 560 EUR each month. They came to the conclusion that unemployed people were indeed happier, but in the end, this had no impact on the unemployment rate. Keep in mind that 560 EUR per month is not nearly close to cover all the expenses one usually has living in Finland.

Germany is taking a bit of a different approach. They have opened this experiment to everybody, not just the unemployed. You do however need to have Germany as your primary place of residence to qualify. If you get selected, you will receive 1200 EUR each month. No strings attached.

Well, almost no strings attached. Your only obligation will be to fill a survey every 6 months which doesn’t sound bad at all. Is 1200 EUR enough in Germany? Depending on your lifestyle of course, but this amount is a bit over the poverty line so if you are unemployed this 1200 EUR should come in pretty handy and provide you with a “just-enough” lifestyle.

Don’t expect to live a fancy life, drive a new car, and live in a 5 room apartment with this amount. But you should be able to cover your rent, bills, food and occasional drink with friends in bar. This depends a lot on the place where you are living and the rent prices in that area.

As part of the study, 120 people will receive 1200 EUR which, or around 1400 USD for the visitor watching across the big lake. This group is called the basic income group. There will be additional 1380 people included in this experiment who will not get any money. This group is called a comparison group. This sums up to 1500 people included in the experiment. People inside the comparison group will however have a chance to move up to the basic income group during the experiment.

With only 120 people getting accepted to receive the basic income, what are your chances of getting this money?

Well, pretty darn slim. At the time of publishing this story, over a million people have already signed up. But still, you might wanna try. To apply simply visit the link, enter your email, confirm it, and fill a short form to apply. Applications will close at the beginning of November. During the middle of November, you’ll get an email if you have been accepted or not. In the next 2 months, a group of shortlisted 20,000 people will be created. After additional surveys, the final 1500 will be selected and the first payments should start in the spring of 2021.

Registration is free, so why not give it a try? Link: https://www.pilotprojekt-grundeinkommen.de

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