TIME

By: Abigail Abrams

February 20, 2020

1. Baby bonds

Studies show that earning a good living is not enough to help people of color move up the socioeconomic ladder. So researchers William Darity Jr. and Darrick Hamilton have proposed “baby bonds,” which would give every baby born in the U.S. money up to about $50,000, depending on their family’s wealth. The money would belong to the children, becoming available when they turn 18. Supporters say giving every child a trust fund could help level the economic playing field and close the racial wealth gap.

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