Designed to reduce income inequalities in the state, the baby bonds will be ringfenced for pursuits like paying for college, buying a home, or starting a business.
Babies who are born into low-income families or placed into foster care could be positioned for a big economic boost when they grow up through the creation of a trust fund, as a new strategy to curb the state's racial wealth gap.
PITTSFIELD, Mass —The Baby Bonds Task Force provided its recommendations on possible legislation and subsequent programming during a webinar in late December. "This legislation.