that invests $3,200 on behalf of each baby born into poverty in the state . Between the ages of 18 and 30, the child can claim those funds and any investment proceeds—forecast to appreciate to $11,000 to $24,000—to buy a home, pay for higher education or job training, start a business, or save for retirement.
We’re not aware of any companies doing this yet . But we think it’s an idea worth exploring, and spoke withof the baby bond approach and professor at the New School for Social Research. Here are excerpts from our recent conversation, edited for space and clarity:The way that baby bonds today are administered is generally through a government program. Should an employer consider setting up their own baby bond program?and to ensure that it’s universal and not simply tied to work.
If I were an employer looking to do this, is there anything standing in my way? What is the level of investment that this would require?