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Baby Bonds in Nevada

Idea Category: Equity & Opportunity

This week, NewDEAL Leader Nevada Treasurer Zach Conine proposed a “Baby Bonds” program to provide every baby born under Medicaid with a $3,200 bond that would become available once the child turned 18. Advocates of “Baby Bond'' programs cite their effectiveness in combating the racial wealth gap and enabling more people to pay for education, start a business, or buy a home. For more on Baby Bonds, check out this Urban Institute explainer from last year. Separately, Conine announced that the state’s rainy-day fund surpassed $900 million, a high water mark that he recognized as evidence of Nevada's strong financial position.

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