Innovations in Baby Bonds

On Thursday, January 16, 2025, the Federal Reserve Bank of New York, in partnership with Asset Funders Network and the Institute on Race, Power, and Political Economy at The New School, will host an in-person event highlighting how strategic investments in baby bonds, combined with direct financial assistance, can address wealth inequality.

Baby bonds are an innovative policy tool that provides children with publicly funded investment accounts that can be accessed at age 18 for specific uses, including education, homeownership, small business, and retirement. The funds are intended as a long-term investment designed to narrow the wealth gap and address generational poverty. California, Connecticut, and Washington, D.C. have passed baby bonds legislation.

This event will be of interest to researchers, nonprofit leaders, and policymakers. This event is open to the public.

This event is open to the media. All remarks are on the record, with the recording to be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.

In-person registration closes on Tuesday, January 14, 2025.

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