Maryland Comptroller Brooke Lierman released a report on the feasibility and potential impacts of implementing a statewide "Baby Bonds" program.

"Baby Bonds" are a government policy providing a set amount of money at birth for children of lower-income families. In theory, that money would grow as they age.

For example, $7,000 state investment for each eligible child would grow to over $22,000 by the age of 18.

However, this would require an initial investment of hundreds of millions of dollars from the state.

What did the report review?

The Maryland General Assembly called for the report, which shows how publicly funded trust accounts for children born into low-wealth families would help close the racial wealth gap, promote economic mobility, and strengthen the state's long-term econo

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