Tag: generational wealth
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The Infrastructure Behind Baby Bonds
Colorado’s Baby Bonds feasibility study identifies financial coaching, trusted outreach and support for immediate financial needs as central to effective program design. Baby Bonds are publicly funded investment accounts established for eligible children and allowed to grow into adulthood, when funds can be used for wealth-building purposes such as higher education or training, homeownership, entrepreneurship…
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Baby Bonds Could Give Colorado Children a Stronger Financial Starting Point
A publicly funded investment at birth could expand young adults’ options for education, homeownership, entrepreneurship and retirement. For many young adults, the first consequential financial decisions of adulthood arrive before they have the savings, credit history or family resources to make them from a position of stability. Choices about education, housing, transportation, employment and entrepreneurship…