Tuesday, March 21Welcome

How political clashes have left CT’s baby bonds program in limbo

In June 2021, state Treasurer Shawn Wooden made history in Connecticut with the passage of the CT Baby Bonds program, a first-of-its-kind statewide policy aimed at narrowing the racial wealth gap. 

The concept, introduced by a pair of economists over a decade ago, is simple enough: Set aside and invest money on behalf of children born into poor families. When they turn 18, they can use the funds to pay for life-changing opportunities that people born into wealth access with comparative ease — a down payment on a home, tuition for school, seed capital to start or invest in a business.

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