It's time to give babies $1,000 at birth: Reps. Pressley and Booker

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Finance Finance Headlines News

Giving babies $1,000 at birth is an 'unprecedented opportunity for financial security,' Ayanna Pressley and Cory Booker say

on the benefits of the policy, and how it would help Americans invest in higher education or start a business, building wealth later in life.

"The transition to adulthood is a challenging time for everyone. Ensuring that children can enter this defining stage of life with a nest egg would open up a world of possibilities and provide new pathways to building wealth," Beyer said in a While support for baby bonds at a federal level has mainly been from Democratic lawmakers, Republican-led states like Iowa and Wisconsin have

similar proposals, which Booker and Pressley said shows"growing momentum and support for this legislative proposal across the country, paving the way for eventual federal passage."that Trump wants to encourage population growth by implementing"baby bonuses" as part of his presidential platform. "When it comes to racial justice, we cannot afford to wait," Pressley and Booker wrote."Baby Bonds is exactly the type of bold, comprehensive program necessary to advance racial equity in the economy and address acute disparities for communities of color."Subscribe to push notifications

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who’s got $1,000?

Buy them $1000 in btc otherwise will fiat even have value in 15 years?

Is this a joke ? It will do NOTHING for financial security as the parents will spend it faster than the cheque clears the bank and the babies will be lucky to see any of it.

The Libyan leader did this with his people. The West will talk about 1000$ on a carrot stick till you vote them! 😂!!

they're still babies when they're 18 - they'll spend it on things that don't matter. Most of them. Before you cry foul, most of us over wouldn't spend it wisely, either, don't worry. Better to lock it away for life-threatening illness or retirement.

How about not aborting them; otherwise they can't collect.

No. Teach kids how to read, write and count first.

equity & assets, not bonds

Pablum nonsense.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines