Katelyn Peters has a writer and editor for more than five years who focuses on both investing and personal finance content. In addition to her experience in finance, she is also a volunteer editorial ...

The idea of a universal basic income—a taxpayer-funded minimum monthly payment meant to reduce poverty and improve opportunity—is alluring. That’s especially true for low-income mothers of newborns.

Imagine a world where every household receives a guaranteed monthly income, no strings attached. Now, contrast that with a future dominated by artificial intelligence (AI), where machines transform ...