A baby bonds bonanza

Baby bond fever is catching on. In recent years, states like Connecticut have been experimenting with giving newborns government-seeded accounts that grow tax-free until they are 18. Now, President Trump's signature tax and spending bill will give a thousand dollars to every U.S.-born baby through 2028. On today's show, what are baby bonds and could they help tackle wealth inequality? Related: Baby bonds, proportional representation, and no left turns Could cash payments ease recessions? Building generational wealth in rural America For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org . Fact-checking by Cooper Katz McKim. Music by Drop Electric . Find us: TikTok , Instagram , Facebook , Newsletter . Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy