Article 6YY6A A baby bonds bonanza

A baby bonds bonanza

by
Wailin Wong
from NPR: Planet Money on (#6YY6A)
art-as-well_sq-d8bcd9926f8a84660094f6fa65db1b734718a091.jpg

Baby bond fever is catching on. In recent years, states like Connecticut have been experimenting with giving newborns government-seeded accounts that grow tax-free until they are 18. Now, President Trump's signature tax and spending bill will give a thousand dollars to every U.S.-born baby through 2028. On today's show, what are baby bonds and could they help tackle wealth inequality?

Related:
Baby bonds, proportional representation, and no left turns
Could cash payments ease recessions?
Building generational wealth in rural America

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Fact-checking by Cooper Katz McKim. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

npr-rss-pixel.png?story=1256346019
External Content
Source RSS or Atom Feed
Feed Location http://www.npr.org/rss/rss.php?id=93559255
Feed Title NPR: Planet Money
Feed Link https://www.npr.org/templates/story/story.php?storyId=93559255
Feed Copyright Copyright 2024 NPR - For Personal Use Only
Reply 0 comments