Can Baby Bonds Put Disadvantaged Kids on the Path to Prosperity?
- by: Hank Berkowitz
- June 18, 2021
Thanks to legislation approved on Wednesday, every year over 15,000 Connecticut infants born into low-income families will receive $3,200 government-funded savings accounts. The accounts are designed to provide qualifying children with an estimated $10,600 when they turn 18. The returns are based on a projected average rate of return on investment over 18 years of 6.9