Germany to give people £1,085 a month for three years as part of experiment

Do you think your life would change if you had a bit more money?

Researchers in Germany will give a group of people just over £1,085 a month as part of a new experiment.

The idea has attracted a growing amount of interest around the world as a way of supporting people during coronavirus.

It will see 120 people handed the monthly sum of €1,200 (£1,085) to monitor how it changes their lives.

Jurgen Schupp, who is leading the "My Basic Income" project, wants to discover how money affects people's attitudes and behaviour.

The researcher, from the German Institute for Economic Research, spoke to Der Spiegel about the project.

Have your attitudes towards money changed much during the pandemic? Leave your thoughts in the comments…

He said: "So far, the debate about the basic income has been like a philosophical salon at best and a war of faith at worst. It is, on both sides, shaped by clichés.

"Opponents claim that with a basic income people would stop working in order to lie on the couch with fast food and streaming services.

"Proponents argue that people will continue to do fulfilling work, become more creative and charitable, and save democracy.

"We can improve this [debate] if we replace these stereotypes with empirically proven knowledge."

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The 120 participants will be studied against a comparison group of 1,380 people who do not receive any cash payments.

And researchers behind the study want to find 1 million applicants for wider participation by November.

From that group, 1,500 people will then be selected for the three-year income experiment.

It's all about change and seeing if the person will become lazy or more creative with that sum of money.

The researchers will pay the participants £1,085 for three years as part of the study.

From the 1 million applicants, the scientists will randomly select 20,000 to interview about their living situation.

Then based on the data, 1,500 people will be selected, with 120 receiving the basic income and 1,380 forming a comparison group.

The "My Basic Income Project" is the first German long-term study.

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