Massachusetts task force considers baby bonds to address racial wealth gap

Massachusetts Treasurer Deb Goldberg has created a task force to study baby bonds, a policy that would create savings accounts for babies born in Massachusetts under a certain percentage of the poverty line. The funds would be invested and made available when they turn 18, to be used for wealth-generating activities like going to college, buying a home or starting a business.

We discuss the proposal with former state Treasurer Shannon O'Brien, who is chairing the task force, and Kofi Kenyatta, director of policy and practice for UpTogether, a nonprofit that researches wealth transfer programs.