Universal Basic Income (UBI) is a financial program where the government provides all citizens with a regular, unconditional sum of money. This income is intended to cover basic living expenses, such as food, housing, and healthcare, ensuring that everyone has a minimum standard of living.
The idea behind UBI is to reduce poverty and inequality while giving people the freedom to pursue education, start businesses, or care for family members without the constant pressure of financial insecurity. Various countries and cities have experimented with UBI to assess its impact on society and the economy.