Oh hey, also the same thing with environmental issues
this post was submitted on 08 Sep 2024
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There are a bunch of interacting factors, too. Something like 10% of the homeless are chronically homeless and don't really have good prospects of being able to give themselves housing stability even if given money. This population in particular seems to be better served by the "Housing First" movement where they are given homes and supervised so that they can then get the treatment they need relating to substance abuse, mental health, etc., from a position of at least having a place to go home to. Here is a summary with citations to studies.
But for the housing insecure people who are at risk of becoming part of the 80% of the homeless experiencing transient homelessness, or the already homeless in that category, dropping money in their lap might be an effective way to improve their lives permanently, putting them on a better trajectory. From what I've seen of the reporting of very recent studies, many of which were complicated by the fact that a pandemic happened right in the middle of the experiments, there is some evidence that giving money directly is helpful. But there's open questions about whether it should be a lump sum, whether big numbers ($500+/month) result in something different from small numbers ($25/month), etc.
So yeah, I think even if we start from the assumption that giving directly is more effective than in-kind support like free/subsidized food or healthcare or housing or childcare, or treatment for mental health or substance abuse, we have to figure out which populations are best served by which intervention, and whether temporary/time limited programs are as cost effective as long term commitments, etc.