May 17, 2023

Closing the Wealth Gap With a Trust Fund for Babies

by The Journal

Starting in July, Connecticut will put $3200 into a trust account for each baby born to parents below a designated income level. As adults, the beneficiaries can use the money—plus investment returns—to help pay for education or a home. WSJ’s Brenda León discusses Baby Bonds and why they are gaining traction in other states too.

Further Reading:

- Could $3,200 ‘Baby Bonds’ Help End Poverty in America? 

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