Even if it was an insane amount of cash, it'd quickly disappear and end up in the same position or worse. Look at the outcomes of lottery winners and others who come into a sudden windfall. Even when it's not sudden, you have clogs to clogs in 3 generations.
I think one of the biggest impacts we could make is to teach financial literacy in school, to everyone. Form and reinforce good habits early on. Demonstrate the danger of credit card interest. Demonstrate the power of compounding all throughout 1st to 12th grade. Taken seriously, it could have a huge effect on outcomes. It'd also make something like the Freedom Dividend (UBI) more effective when/if it happens.
I think one of the biggest impacts we could make is to teach financial literacy in school, to everyone. Form and reinforce good habits early on. Demonstrate the danger of credit card interest. Demonstrate the power of compounding all throughout 1st to 12th grade. Taken seriously, it could have a huge effect on outcomes. It'd also make something like the Freedom Dividend (UBI) more effective when/if it happens.