Baby Bond Program Begins On Saturday

Connecticut’s first-in-the-nation baby bonds program will see its first eligible participants born beginning this Saturday. When they are between the ages of 18 and 30, they will be able to claim funds to be used for specific, wealth-building purposes. Parents do not need to take any action on behalf of their newborns. Eligibility is automatic and processes are being constructed to manage claims and support these children and their families now, and over the next 18 to 30 years. An estimated $11,000 and $24,000 will be available to each participant, depending on when the funds are accessed.