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Commentary

Baby Bonds Are Back

The idea isn't new, but it's gaining traction as a way to narrow the racial wealth gap.

Policymakers and economists have spent years tossing around an idea that could cut wealth inequality in half: giving money to babies.

Well, not exactly. The actual concept is called “baby bonds,” a policy that would see the government contribute to special accounts and invest funds for children that goes up based on household income.

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