Testimony Baby Bonds Provide an Opportunity to Close the Large Racial Wealth Gap
Steven Brown, Signe-Mary McKernan
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Steven Brown, a senior research associate and associate director of the Racial Equity Analytics Lab, and Signe-Mary McKernan, vice president for labor, human services, and population, provided written testimony before the Council of the District of Columbia’s Committee on Business and Economic Development. The hearing included a discussion of the Child Wealth Building Act of 2021 (B24-236) and tax policy proposals to build wealth equity in the District’s COVID-19 economic recovery plans. In separate oral testimony, Brown demonstrated how baby bonds can be a bold wealth-based solution to addressing the large racial wealth gap.

Research Areas Wealth and financial well-being Children and youth Race and equity State and local finance Greater DC
Tags Inequality and mobility
Policy Centers Center on Labor, Human Services, and Population
Cities Washington-Arlington-Alexandria, DC-VA-MD-WV