Founding Director William A. Darity, Jr. was featured in TIME for his “radical” idea to combat racial wealth inequality: Baby Bonds.
Co-developed with economist Darrick Hamilton, the Baby Bonds proposal would grant every child in the U.S. a publicly funded trust account—up to $50,000—based on family wealth. The funds would become accessible at age 18 and could be used for asset-building investments like education or homeownership.
Designed to “level the economic playing field,” Baby Bonds aim to address wealth inequality at its root—inherited advantage and structural exclusion—rather than income alone.
The proposal stands as a bold, scalable policy to narrow the racial wealth gap and create a more equitable future for all Americans.
Read more here: 8 Radical Ideas for a More Equal America
