Connecticut's Baby Bonds bill is a program that directly addresses the racial-wealth gap. In short, any Connecticut child born from poverty will receive $3200 in a state savings investment. When that child reaches 18 years of age and is still in the state, that initial investment is expected to grow to nearly $11,000. That money can only be used to either pay for higher education, purchase a home in the state, start a business in the state, or place into a retirement fund.
Dara Kennedy and Maya Shwayder will talk with Connecticut State Treasurer Shawn T. Wooden to break down the bill and its financial impact.
Bruce Adams, President and CEO of Credit Union League of CT, explains why the Baby Bonds bill was the right thing for legislators to do for the future of Connecticut's disadvantaged youth.
Hear from an expectant mother, who only has $100 in savings, about what the Baby Bonds program could mean for her future child.
To hear the full interview with CT State Treasurer Shawn T. Wooden, click here.
