The Washington D.C. City Council and state lawmakers in Connecticut have approved similar programs known as 'baby bonds.' It's part of a surge of new spending in California aimed at combating child poverty.
SACRAMENTO, Calif. -- Parenting - that long chain of decisions that hopefully leads to a well-rounded adult - was always a little less stressful for Laura Guerra because her husband, Rigo, was"100% in it" for their daughter, Emilia.
The money - $100 million in total - will go to into interest-bearing accounts for children from low-income families who have lost a parent to COVID and to kids who are in the state's foster care system. State lawmakers haven't decided how much money each child will get, but one early proposal would give younger kids $4,000 and older kids $8,000. That would be enough to provide funding for about 16,000 kids, who could spend the money once they become adults.
Hillary Clinton briefly included a baby bonds proposal in her 2008 presidential campaign platform, and U.S. Sen. Cory Booker introduced a national baby bonds bill in Congress that has yet to pass. How much money they children will get depends on how long the account grows. For younger children, advocates hope they will have between $20,000 and $40,000 once they become adults.
The group hopes California's baby bonds program is just a first step. Its goal is to eventually have the state give trust funds to every child in the state born into a low income family.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House OKs bill to protect contraception from Supreme CourtDemocrats have pushed legislation through the House that would inscribe the right to use contraceptives into law.
Read more »
House OKs Bill to Protect Contraception from Supreme CourtThe House’s 228-195 roll call was largely along party lines and sent the measure to the Senate, where it seemed doomed, reports The Associated Press.
Read more »
House OKs bill to protect contraception from Supreme CourtThe right to use contraceptives would be written into law under a measure that Democrats pushed through the House on Thursday, their latest campaign-season response to concerns a conservative Supreme Court that already erased federal abortion rights.
Read more »
House OKs bill to protect contraceptives from potential Supreme Court rulingsThe right to use contraceptives would be inscribed into law under a measure that Democrats pushed through the House on Thursday.
Read more »
World Faces ‘An Unprecedented Reversal' in Progress Combating Global Poverty: UN OfficialThe head of the U.N. body promoting development is warning that the COVID-19 pandemic, climate change and the war in Ukraine have led to “an unprecedented reversal” of decades of progress in combatting global poverty and hunger and ensuring education for children everywhere.
Read more »