A Wall Street expert breaks down how universal basic income would directly benefit 4 sectors of the stock market and squash wealth inequality “” despite critics warning it would be a disaster

A Wall Street expert breaks down how universal basic income would directly benefit 4 sectors of the stock market and squash wealth inequality “” despite critics warning it would be a disaster

Andrew Yang enjoying a corndog at the Iowa State Fair



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Universal Basic Income “” a policy initiative that would give every American adult a certain amount of money each month with no strings attached“” is increasingly part of the political and economic discussion in the US.Dave Nadig, the chief investment officer and director of research at ETF Trends, told Business Insider four market sectors that UBI could benefit.Nadig says UBI would increase financial literacy and increase market participation.Click here to sign up for our weekly newsletter Investing Insider.Visit Business Insider's homepage for more stories.

Last Wednesday, Nate Geraci, the president of The ETF Store, tweeted out an open question: "Your best solution for improving financial literacy in this country?"

Dave Nadig, the chief investment officer and director of research at ETF Trends, responded with three words: "Universal Basic Income."

For Nadig, financial literacy in the US is too low and wealth inequality is too high. One way to address these issues that policymakers ought to be considering, he says, is some form of Universal Basic Income (UBI).

Universal Basic Income