NPR.

Oh, Adri.

Look at all these precious sleeping babies.

These newborns are just snoozing away in the hospital nursery, their whole

lives stretching before them. Aw, it's a lovely scene, Wayland. But, but wait, I think I see something

peeking out from one of those bassinets. Looks like a piece of paper that says, this baby is entitled to a trust fund from the U.S. government.

And not just that baby, all the babies. That's right. Look under your bassinet's babies.

You get a trust fund, you get a trust fun, and you get a trust fun. This is the indicator from

Planet Money. I'm Oprah Winfrey.

And I'm Adrienne Ma.

Here on the show, we have been looking at different parts of President Trump's huge

tax and spending act.

Today, we're looking at investment accounts for newborns.

For the next four years, babies born in the U.S. will get $1,000 from the government.

The state of Connecticut already does this, but the state and federal programs have different aims and potentially different outcomes.

Today on the show, we'll look at how these policies could increase generational wealth for all and potentially shrink the country's racial wealth gap.

On July 1st, 2023 at 1.25 p.m., a baby boy named Nolan was born at the hospital of

Central Connecticut. He weighed 7 pounds, 13.6 ounces.

Now, every baby is special, of course, but Nolan was a history-making baby.

He was the very first participant in Connecticut's baby bonds program. That means when he was born,

the state government invested $3,200 on his behalf. Did you get to give that baby a huge novelty check like publisher's clearinghouse?

I did not. I did not. But he got a prominent post on our social media.

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