Washington, D.C., 'Baby Bonds' Program Aims To Close Wealth Gap

The Baby Bonds program in D.C. aims to provide up to $25,000 to the city's poorest children upon reaching adulthood, to be used for education, business, or home ownership. The initiative, inspired by historical ideas and supported by figures like Senator Cory Booker, seeks to address economic and racial inequalities. While some states are considering similar programs, critics question its cost and effectiveness. The program's success could influence broader adoption across the U.S.

What is the primary goal of the Baby Bonds program?

• To replace existing social welfare programs

• To fund healthcare for children

• To offer up to $25,000 for education, business, or home ownership

• To provide immediate financial relief to families

Who was an early supporter of the Baby Bonds program in D.C.?

• President Franklin D. Roosevelt

• Senator Cory Booker

• Thomas Paine

• Bianca Facchinei

What historical figure is mentioned in relation to the concept of Baby Bonds?

• Thomas Paine

• George Washington

• Abraham Lincoln

• Alexander Hamilton

What is one criticism of the Baby Bonds program?

• It is too similar to existing programs

• It is expensive and unproven

• It only benefits wealthy families

• It lacks historical precedent

Which state has created a similar program for children affected by COVID-19?

• Washington State

• Wisconsin

• California

• Massachusetts