logo
Artists who got almost $1,500 a month under a basic income pilot say their work improved

Artists who got almost $1,500 a month under a basic income pilot say their work improved

For about 2,000 artists and creative arts workers in Ireland, a weekly stipend provided through a basic income program has been a lifeline for years.
Now, it's almost over.
The pilot program began in 2022 under Catherine Martin, Ireland's former minister for tourism and culture. Martin allocated about $28 million to the arts sector following the COVID-19 pandemic.
Participants were randomly chosen and given an unconditional stipend of €325, or about $370, weekly for three years. During that time, participants met periodically via Zoom to discuss how the additional income had affected their livelihoods, careers, and ability to meet basic needs.
The final session was held this month before the program's conclusion in August.
Artists and cultural workers who attended the session grappled with what their lives would look like after August, but they hoped government officials would extend the program.
"We need no further pilots. People need a UBI now to face and deal with the many social, economic, and ecological crises of our world," Reinhard Huss, the organizer of UBI Lab Leeds, which sponsored the event alongside Basic Income Ireland, UBI Lab Arts, and UBI Lab Network, told Business Insider.
New developments in AI are reshaping the job market, replacing some entry-level positions. Tech industry leaders like Elon Musk and OpenAI CEO Sam Altman have said implementing a universal basic income will be essential in the near future when AI supplants jobs in most industries.
A universal basic income offers an entire population recurring, unconditional payments regardless of an individual's socioeconomic status. Ireland's program, like many others in the United States, is a guaranteed basic income, which targets certain segments of the population for a set period of time.
Impact of Ireland's basic income program for artists
Jenny Dagg, a sociologist lecturing at Ireland's Maynooth University, authored a new report that provides insights into participants' reactions to the program. She gathered data from over 50 of the 2,000 recipients.
Although the report outlined nearly a dozen key impacts reported by program recipients, Dagg highlighted five major takeaways during the Zoom session.
Dagg said that recipients who received money from the program reported more stability and "significantly reduced" financial stress. It relieved their anxiety about fulfilling their basic needs.
Participating in the pilot program also allowed artists to re-prioritize how they spend their time and what they choose to focus on. "The opportunity to focus more on their specific creative interests opened new possibilities and career trajectories," the report said.
Artists said the added income allowed them to spend more time "researching, experimenting, taking risks, and failing," which has improved the quality of their work.
Artists, the report said, also felt more confident in themselves and their work during the program. "Many recipients talk of feeling empowered, of being in control of the choices within their lives, and envisioning a viable career path longer-term," the report said.
Recipients even reported better mental health, which led to improved sleep quality and lowered stress levels.
What's next for Ireland's basic income program
With the end of the program fast approaching, recipients of the weekly payment are reckoning with what how their lives might change.
"Across art forms, recipients report concerns about financial stability and sustaining the momentum of their careers when, or if, the basic income scheme ends," Dagg's report said.
This month, Basic Income Ireland called on the government to immediately implement a universal and unconditional basic income for the country. A spokesperson for the UBI Lab Network said the pilot program's success shows that basic income is a viable option. The campaign group shared a proposal for introducing a universal basic income to Ireland.
"As the pilot shows, basic income works and people need a UBI now to face and deal with the many social, economic, and ecological crises of our world. The Network will continue to help demonstrate basic income within communities and show how it is a sustainable policy," the statement said.
Patrick O'Donovan, Ireland's minister for arts and culture, said he would evaluate the data collected throughout the pilot program and create proposals for the government regarding the next steps.
"I am heartened by the responses of the Basic Income recipients in this paper," O'Donovan said in the May report. "This research will add to the evaluation being conducted by my department, which to date clearly shows that the Basic Income Pilot has been an effective support for the artists in receipt of it."

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why More Boomers Are Deciding to Rent
Why More Boomers Are Deciding to Rent

Miami Herald

time2 hours ago

  • Miami Herald

Why More Boomers Are Deciding to Rent

Baby boomers are redefining the rental market, a new study has found, with millions more older Americans now renting homes than was the case a decade ago. Over the past 10 years, the number of renters aged 65 and older has surged by nearly 30 percent, adding 2.4 million senior renters across the country-by far the largest growth of any age group, according to new research conducted by Point2Homes. While the number of renters declined in other age groups, particularly those aged 18 to 54, the number of seniors opting to rent has boomed. Past generations viewed homeownership as a hallmark of independence, but today's older adults are embracing the flexibility of renting. Downsizing, relocating to warmer climates, and avoiding the burdens of home maintenance are just a few of the more positive reasons behind the trend. But rising housing costs, inflation, and limited affordable inventory also play a critical role. As more seniors navigate retirement on fixed incomes, renting is becoming not only a practical alternative, but in many cases, a financially imperative one. The reasons behind the growing number of senior renters are varied, a mix of both lifestyle choices and financial necessity. "Seniors value the flexibility renting provides, which can allow them to downsize, move to better locations, or avoid the responsibility that comes with owning a home and its expenses," Alexei Morgado, a Florida realtor and CEO of Lexawise Real Estate Exam Preparation, told Newsweek. "Owning a home can take a lot of physical energy and money. When renting, you can simply enjoy life without worrying about major repairs, the uncertainty of property taxes, or if your home will lose value or be hard to sell." Shifting cultural attitudes toward aging and independence are also influencing this trend. "In the past, homeownership was viewed as a key indicator of independence in retirement," says Morgado. "The cultural shift in the thinking surrounding aging has moved rapidly, however, and seniors no longer feel as though homeownership is a mainstay of independence and a comfortable life in retirement." He notes that the COVID-19 pandemic accelerated this rethinking. "Seniors began to focus on flexibility and ease rather than stability and predictability, which is often associated with homeownership," Morgado said. "Many seniors have begun seeking smaller properties or apartments in more desirable areas away from their long-time homes and may prefer urban and suburban environments even if there is additional cost or a long-term rental lease. "In this way, renting allows for added freedom of movement if they feel they need to move or relocate." The study found that many senior renters are relocating to warmer climates, particularly in Florida, which is well-known for its large retirement community. Other southern states, such as Louisiana and Texas, are also experiencing an increase in the number of graying renters. In Baton Rouge, the percentage of properties rented by older Americans has boomed by 88.7 percent over the last ten years. Similar numbers are reported in Jacksonville, Florida, and Round Rock, near Austin, Texas. But for many, the switch to renting isn't just a matter of lifestyle-it's a financial necessity, Morgado explained. "The gap between owning and renting is widening, especially for seniors who rely on a fixed income. Home prices have skyrocketed in many parts of the country over the last 10 years with continued high mortgage interest rates," he said. "Rapid changes in housing demand mean that local areas with very limited affordable housing options have both renters and former homeowners looking for an affordable lifestyle. Seniors that once owned homes are now renting for value." Steve Sexton, CEO of Sexton Advisory Group, agrees. "This trend is fueled by both convenience and necessity; however recent economic uncertainty is the more likely driver of seniors renting in retirement," Sexton told Newsweek, noting that many retirees live on fixed incomes that have failed to keep pace with rising housing costs and inflation. "Utilities, insurance, property taxes, and maintenance costs associated with owning a home continue to increase, while Social Security and pensions struggle to keep up," he said. This is exacerbated by a lack of affordable homes on the market, even for those who may prefer to own, Sexton said, a problem that is getting worse over time. As a result, "for many seniors, renting offers a more predictable and/or simplified budget in which they don't have to account for repairs and certain housing expenses." Yet the underlying issue of housing affordability remains a serious concern. A 2024 report by the Joint Center for Housing Studies found that more than 40 percent of renters aged 65 and older spend more than 30 percent of their income on rent, the threshold at which the U.S. Department of Housing and Urban Development considers a household "cost burdened." "The availability of affordable housing, however, is a glaring reality for many seniors," Morgado said, noting that it's "a barrier obstacle to seniors maintaining their independence." Boomers having to rent out of financial necessity is likely to continue. For now, most adults aged 65 and older are homeowners, according to the Joint Center for Housing Studies at Harvard University. However, more than one in five older households, some 7 million, choose to rent, according to the 2023 Housing America's Older Adults study by JCHS. Jeff Lichtenstein, CEO and broker at Echo Fine Properties, said the trend "will get worse in the next decade," with "inflation being the main culprit." "With increased costs coming from tariffs and with cuts in the new bill and from DOGE, it puts seniors in a tough situation," he told Newsweek. "In the next decade, there will be an explosion of baby boomers in that age group. As one loses a spouse or looks at financing, there should be more of a need to rent." Related Articles Gen Z Is Significantly More Afraid of This Trend Than Older GenerationsSocial Security Claims SkyrocketIt's Not Gold-Digging, but Gen Z Will Marry for Money, Predicts ExpertGen Z's Trauma Therapy Compared to Millennials, Boomers 2025 NEWSWEEK DIGITAL LLC.

Welcome to the June 2025 Business by LA Times Studios Magazine
Welcome to the June 2025 Business by LA Times Studios Magazine

Los Angeles Times

time4 hours ago

  • Los Angeles Times

Welcome to the June 2025 Business by LA Times Studios Magazine

Dear Readers, In the June issue of Business by LA Times Studios, we present a recap of the first-ever Los Angeles Executive Awards, held May 12, 2025 at the Fairmont Miramar Hotel & Bungalows in Santa Monica. The honorees, finalists and nominees highlighted in these pages represent the very best of the region's business elite, and celebrating their success was a joyful experience for all who attended. In addition to these bios, you'll find photos from the event and a recap of the evening's panel, 'Leading Beyond Uncertainty: Navigating a Shifting Economy,' where thought leaders discussed need-to-know insights for the C-suite and beyond. And, of course, you'll learn who among the hundreds nominated earned this year's 'honoree' distinction – 15 executives who are truly at the top of their respective fields. You'll also find fascinating articles about Southern California's role in the burgeoning ocean economy, legal leaders who are anticipating an increased focus on privacy law as a speciality practice, and how Century City – once nearly vacant during COVID-19 stay-at-home restrictions – is back in a huge way, with widespread construction and splashy new leases making headlines. Finally, this June issue features a list of the Top Accounting and Business Advisory Firms for 2025, a comprehensive guide to the biggest and most prominent groups of CPAs in both Los Angeles and Orange Counties.

I'm a 17-year-old founder and CEO. It can be hard to juggle high school and a successful business, but it's worth it.
I'm a 17-year-old founder and CEO. It can be hard to juggle high school and a successful business, but it's worth it.

Business Insider

time5 hours ago

  • Business Insider

I'm a 17-year-old founder and CEO. It can be hard to juggle high school and a successful business, but it's worth it.

When I was just 4 years old, I often had yard sales with random items from around the house. I'd price everything, set up a "store," and try to convince people to spend their money. I loved the thrill of selling. I never really fit the mold. Sports didn't click, and video games bored me. I tried to keep up with what other kids were into, but I always felt like I was forcing it. What excited me most was creating and building something real. I was drawn to adults who were doing interesting things: starting businesses, building brands, and making an impact. While other kids were watching cartoons, I was sketching business ideas and imagining storefronts. I was wired to create, share, and sell. That's why it wasn't surprising when I started a brand at 12 years old. I was already acting like a young entrepreneur. Now I just had a name and a mission behind me. I launched Coastal Cool while in middle school with $500 During the COVID-19 lockdown, I was in middle school and stuck at home, needing an outlet. That's when I turned my passion for marketing and the beach lifestyle into Coastal Cool — a clothing brand I believed in from the start. With $500 from my parents, YouTube tutorials, and a lot of self-teaching, I launched a Shopify site, got an LLC, designed products, and started selling beach-inspired tees and hoodies — all from my bedroom. Most thought it was just a hobby. But I felt deeply connected to the brand. I believed it could be something more. By 14, I hit burnout and nearly gave up Two years in, I felt stuck. I still believed in Coastal Cool but wasn't inspired by what I was selling anymore. It felt like I was just going through the motions. I didn't want to quit, but I knew something had to change. That moment forced me to reflect: What's my real mission? What do I want this brand to stand for? The answers changed everything. I hit reset and gave Coastal Cool purpose. Instead of walking away, I pivoted. I shifted the brand's focus to something bigger: sustainability. I began offering eco-conscious swimwear and beachwear made from recycled plastic bottles. We partnered with Tidey to make a difference with every purchase. In 2024 alone, we helped eliminate nearly 20,000 plastic bottles from the oceans. That shift gave the brand a real identity and gave me new motivation. I even began speaking at schools and organizing community events to inspire other young entrepreneurs. Today, I'm 17 — balancing high school and a global brand Heading into my senior year of high school, Coastal Cool continues to grow. We ship worldwide, sponsor events, and collaborate with creators globally. But while the business grows, I'm still managing it solo — balancing emails, meetings, and social media between classes and homework. My weekends are often spent creating content and planning next steps instead of hanging out like most teens. Being a "teen CEO" sounds cool, but it's not easy. People love the title, but they don't see the sacrifice. I've missed school dances, football games, hangouts, trips, and a lot of sleep. This takes discipline and courage. I've been ignored in meetings, underestimated because of my age, and forced to make adult decisions far earlier than most. It's isolating sometimes, like I live in a different world from most of my peers. But I've learned to stay focused on what matters: the mission, the message, and the dream. I will continue to build into the future I've sacrificed a lot for this journey. But what I've gained — purpose, direction, and confidence — is worth more than anything I gave up. Coastal Cool began as a dream that most people didn't understand. But I did. I never stopped believing in it. I know I'm not a typical teenager. I'm building something different. And I'm just getting started.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store