Joint Economic Committee Releases New Report on Economic Benefits of Baby Bonds
The U.S. Congress Joint Economic Committee (JEC)—led by Chairman Don Beyer (D-VA)—released a new report detailing how automatic child trust accounts, known as “Baby Bonds,” would improve economic opportunity and social mobility for children and families and strengthen the U.S. economy. Baby Bonds would provide children at birth their own bank account with a specified amount of money.…
