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    Closing the Wealth Gap With a Trust Fund for Babies

    Closing the Wealth Gap With a Trust Fund for Babies

    FromThe Journal.

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    Closing the Wealth Gap With a Trust Fund for Babies

    FromThe Journal.

    ratings:
    Length:
    19 minutes
    Released:
    May 17, 2023
    Format:
    Podcast episode

    Description

    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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    Released:
    May 17, 2023
    Format:
    Podcast episode

    Titles in the series (100)

    The most important stories, explained through the lens of business. A podcast about money, business and power. Hosted by Kate Linebaugh and Ryan Knutson. The Journal is a co-production from Gimlet Media and The Wall Street Journal.