New Zealand Cabinet approves electronic money management initiative for half of beneficiaries' benefits.

New Zealand Cabinet agreed on a new electronic money management initiative, where half of beneficiaries' benefits will be loaded onto a card for essential purchases. ACT leader David Seymour hopes this move will discourage long-term dependency and expand to include time-limited cash benefits for non-workers and electronic management for those with multiple children. A study on Australia's Cashless Debit Card showed it reduced substance abuse, alcohol-related violence, and gambling.

August 12, 2024
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