News from the Field
A Trust Fund for Every Baby: What Is the Current Status of “Baby Bonds”?
February 03, 2024 | NWI
Baby bonds are universal, publicly funded child trust accounts. When recipients reach adulthood, they can use the funds for wealth-building activities such as purchasing a home, investing in education, or starting a small business. Baby bonds are intended to decrease wealth inequities. This brief revisits the policy as originally proposed, provides a legislative update, and outlines six design features that would help baby bonds deliver on the promise of reducing racial wealth inequities.