Podknife - Closing the Wealth Gap With a Trust Fund for Babies by The Journal.

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Closing the Wealth Gap With a Trust Fund for Babies

Podcast |: The Journal.
Publisher |: Gimlet,; The Wall Street Journal
Media Type |: audio
Podknife tags |: Business,; Business News,; News & Politics
Categories Via RSS |: Business News,; Daily News,; News
Publication Date |: May 17, 2023
Episode Duration |: 00:19:09

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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