Connecticut’s “Baby Bonds” bill, which was approved by both Houses of the General Assembly and signed by the governor last month, will help the state take a major step towards breaking the cycle of poverty, Credit Union League of Connecticut President/CEO Bruce Adams wrote in the CT Mirror this week. Adams wrote an op-ed discussing why the bill will help support the financial well-being of every future Connecticut resident.
“The Baby Bonds initiative means more than just handing $3,200 to every child born into poverty in Connecticut from this day forward, although it may appear that way at first glance. Upon closer consideration, this legislation demonstrates Connecticut’s commitment to supporting the financial well-being of every future Connecticut resident, beginning at birth. Financial wellness is directly tied to educational wellness and health wellness, and it makes our communities stronger.”
The Connecticut League was a strong champion of the “Baby Bonds” bill because it “addresses economic disparity and wealth gaps head on. And it creates a much better path for economic success and financial well-being for so many people from this day forward.”