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A California guaranteed income pilot program intended to lift families out of poverty failed to lead participants to long-term financial independence, according to a new study from researchers at the University of California, Davis.

The Yolo County Basic Income (YoBI) program provided "no-strings-attached" cash assistance to a highly targeted group of at-risk residents.

While the payments served as a temporary lifeline, researchers found that, for the "significant majority" of participants, the program was not enough to break the cycle of poverty.

"While [Basic Income] reduced some of the immediate urgency around money and allowed families some stability, most participants still had unmet financial needs," the study reported.

FLORIDA OFFICIALS WARNED TO AVOID REPARATIONS-STYLE EFFORT AS STATE GEARS UP TO RESTRICT DEI EVEN FURTHER

Yolo County is one of many local municipalities providing no-strings attached cash assistance in an attempt to alleviate poverty.…