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 are some potential implications of the Baby Bonds program for economic inequality in the United States?

Who were the initial proponents of the Baby Bonds idea and when was it proposed?