Yuriko Nakao/Reuters Two economists have proposed an idea for "Baby Bonds," a one-time deposit into a child’s bank account at the time they’re born.
The program would help create upward mobility and reduce inequality in the US, they claim.
Rich families would receive around $500 while poor ones would receive up to $50,000. Darrick Hamilton and William Darity have a thought-provoking way to help families pay for college: Give every baby between $500 and $50,000 at the time they are born.Hamilton and Darity, both economists, say these "Baby Bond" accounts could go a long way toward […]
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