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Some US states are giving newborns savings accounts for college

Some US states are giving newborns savings accounts for college
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Some States Are Giving Newborns Savings Accounts for College

Oklahoma s savings account for newborns spurred a greater interest in pursuing higher education.
Sen. Cory Booker reintroduced legislation in February to give every newborn $1,000 in college savings.
Providing newborns with college savings accounts at birth has been an idea that has floated around lawmakers minds for years. Sen. Cory Booker of New Jersey, for example, campaigned on baby bonds when running for president, which would provide every child with a $1,000 savings account.
Some states are now beginning to follow suit. New research reveals those efforts could have an encouraging impact on children s futures in the years ahead.
An Oklahoma research project, called SEED for Oklahoma Kids or SEED OK, launched 14 years ago by the Center for Social Development at Washington University in St. Louis to study whether creating a savings account for newborns would improve graduation rates and chances of going to college years later. ....

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Could a Government Program Turn More Kids Into Investors?

Could a Government Program Turn More Kids Into Investors?
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A growing number of US states are giving newborns cash for college savings accounts. New research suggests it spurs parents to save more.

A growing number of US states are giving newborns cash for college savings accounts. New research suggests it spurs parents to save more.
asheffey@businessinsider.com (Ayelet Sheffey)
Some states have opened college savings accounts for newborns, and the early results are good.
Oklahoma s savings account for newborns spurred a greater interest in pursuing higher education.
Sen. Cory Booker reintroduced legislation in February to give every newborn $1,000 in college savings.
Providing newborns with college savings accounts at birth has been an idea that has floated around lawmakers minds for years. Sen. Cory Booker of New Jersey, for example, campaigned on baby bonds when running for president, which would provide every child with a $1,000 savings account. ....

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Retiring While Black

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Retiring While Black
Inequalities put many Black people on poor footing for retirement. Advice from Black seniors for a path to financial security.
By Brian Vines ....

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