This thread over four years could get a few posts. Here’s a gem.
“Baby Bonds.”
First proposed in NJ by their governor last year, $1000 gets deposited per child. Families making less than 133k per year qualifies.
$1000
Bond rate at 1.35%
$1,270 after 18 years.
Yes, great idea, because there should be financial inducements to have children. Especially if you are poor, as having children is inexpensive.
80 million dollars a year cost to the NJ budget.
Original article below, and heard on the Marketplace podcast last night.
Watch https://www.msn.com/en-us/news/politics/nj-governor-proposes-dollar1000-baby-bond-for-children-to-close-wealth-gap/ar-BB18oBRG for this gem to go nationwide.