How Baby Bonds Could Help Close the Racial Wealth Gap

We examine whether the income-based baby bond program proposed in the American Opportunity Accounts Act can address the racial wealth gap. We find that baby bonds can have a significant impact on the wealth gap when examining the wealth available to each child when reaching 18.


In this report, you will learn:
  • How baby bonds could help narrow the persistent racial wealth gap in the United States
  • Some areas of improvement for baby bond program designs that could help maximize their benefit
  • The significance of including home equity in a family’s wealth when assessing the racial wealth gap and the potential impact of baby bonds
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