is mulling the idea of launching trust funds for the state's poorest newborns, which they can access when they turn 18. Designed to reduce income inequalities in the state, the 'baby bonds' can be used for pursuits such as paying for college, buying a home or starting a business. was the first state to launch the pioneering policy in 2021, and later approved a similar program. Several more states including , New York and have also considered proposals.
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