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Closing the Wealth Gap With a Trust Fund for Babies
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?
Learn more about your ad choices. Visit megaphone.fm/adchoices
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By The Wall Street Journal & Spotify Studios
4.2
55465,546 ratings
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?
Learn more about your ad choices. Visit megaphone.fm/adchoices
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