Early Learning Nation | Bryce Covert
“For us to be the first in the nation to tackle generational poverty and advance racial equity with the enactment of CT Baby Bonds is powerful and a testament to our values and our shared belief that everyone should have the opportunity to experience the American Dream.”
On June 30th, Connecticut became the first state in the country to create baby bonds or trusts for any low-income child. Once the child turns 18, the child will be allowed to access the account and the invested amount of at least $10,635. The child can use the amount for educational expenses, buying a home, investing in a business, or any other basic needs.