10/30/2025
State Treasurer Goldberg Testifies Before Joint Committee On Financial Services On Baby Bonds Initiative
Today, Massachusetts State Treasurer Deborah B. Goldberg testified before the Joint Committee on Financial Services in support of her office’s proposed Baby Bonds legislation, calling it a critical investment in every child’s future and the state’s long-term economic strength.
Treasurer Goldberg emphasized the positive opportunities that baby bonds will provide. It is a program designed to provide each newborn in the state with a publicly funded trust account, which accrues over time and is accessible when the beneficiary reaches adulthood. Recipients can access their funds and spend it on wealth generating assets (e.g., higher education, buying a home, starting a business, etc.). Investments in young adults can increase access to economic opportunities and help to eliminate intergenerational poverty, studies show.
“Baby Bonds will narrow the racial wealth gap and provide our youngest generation with a foundation for success,” said Treasurer Goldberg. “By investing early in the lives of every child, we can help ensure that more young people enter adulthood with the resources they need to build a stable financial future.”
Read More: https://www.hcam.tv/state-treasurer-goldberg-testifies-before-joint-committee-on-financial-services-on-baby-bonds-initiative/
