skip to main content
skip to newscasts

Saturday, April 20, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; the importance of healthcare decision planning; and a debt dilemma: poll shows how many people wrestle with college costs.

view newscast page
play newscast audioPlay

Civil rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump, and police arrest dozens at a Columbia University Gaza protest.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

Baby Bonds Aim to Close Racial Wealth Gap in MA

play audio
Play

Tuesday, December 27, 2022   

A task force assembled by the state treasurer's office said investing in government-issued Baby Bonds could help close the racial wealth gap in the Commonwealth. Many communities of color have historically been excluded from opportunities to build wealth, forcing many children from low-income families to forgo educational opportunities in adulthood.

Leimary Llopiz, advocacy assistant at the YWCA of Southeastern Massachusetts, said creating trust accounts for newborns sets both the child and family on a path to success.

"People that we work with," she said. "They really don't have the income to even save money never mind thinking ahead of time of how they're going to be able to provide for their children when they get to a certain age."

A state task force advised an initial program with funding from the American Rescue Plan of $6,500 per child in an endowment that is invested and allowed to grow over time. Those funds would be made available when the child turns 18 and could be used for college, starting a business or even to purchase a home.

Massachusetts is an expensive place to live. A recent survey reported the poverty rate in the Commonwealth is higher than in twenty-one other states. A 2015 Federal Reserve study found that in the greater Boston area alone, the median
net worth for white households is nearly $250,000 while for Black households it's just $8. Llopiz said a state-wide Baby Bonds policy would help lift entire networks of low-income families out of poverty.

"In my culture, we are caregivers to our parents and grandparents so meaning once we start getting a job we're not only providing for helping our house now we're helping our family. We're helping their homes," she said.

Massachusetts would join Connecticut and the District of Columbia in establishing the baby bonds program, the cost of which depends on the number of children eligible for public assistance as well as children under 1-year-old in foster care.

Senator Cory Booker of New Jersey and Massachusetts Congresswoman Ayanna Pressley have also filed a bill to establish a national Baby Bonds program.


get more stories like this via email
more stories
The Bureau of Land Management's newly issued Public Lands Rule is designed to safeguard cultural resources such as New Mexico's Chaco Culture National Park. (Photo courtesy SallyPaez)

Environment

play sound

Balancing the needs of the many with those who have traditionally reaped benefits from public lands is behind a new rule issued Thursday by the Bureau…


Health and Wellness

play sound

Alzheimer's disease is the eighth-leading cause of death in Pennsylvania. A documentary on the topic debuts Saturday in Pittsburgh. "Remember Me: …

Social Issues

play sound

April is Financial Literacy Month, when the focus is on learning smart money habits but also how to protect yourself from fraud. One problem on the …


Outdoor recreation added $11.7 million to the Arizona economy in 2022, according to the U.S. Bureau of Economic Analysis. (Adobe Stock)

Environment

play sound

Arizona conservation groups and sportsmen alike say they're pleased the Bureau of Land Management will now recognize conservation as an integral part …

play sound

Across the U.S., most political boundaries tied to the 2020 Census have been in place for a while, but a national project on map fairness for …

The 2023 Annie E. Casey Foundation Data Book ranked Arkansas 37th in the nation for education, and said 56% of young children were not in preschool programs to help get them ready for school. (Adobe Stock)

Social Issues

play sound

The need for child care and early learning is critical, especially in rural Arkansas. One nonprofit is working to fill those gaps by giving providers …

Environment

play sound

An annual march for farmworkers' rights is being held Sunday in northwest Washington. This year, marchers are focusing on the conditions for local …

Social Issues

play sound

A new Gallup and Lumina Foundation poll unveils a concerning reality: Hoosiers may lack clarity about the true cost of higher education. The survey …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021