Tag: wealth inequality
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Baby Bonds in Colorado: What the Numbers Show
A new feasibility moves the conversation from concept to cost, reach and the policy choices ahead. Economist and urban policy scholar Darrick Hamilton formalized the modern U.S. Baby Bonds proposal with his University of North Carolina graduate advisor and research collaborator, William A. Darity Jr., in 2010. The idea was informed by years of research into the racial wealth gap,…
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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…