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 on 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
Tags Inequality and mobility Opportunity and ownership Washington, DC, research initiative Racial wealth gap
Policy Centers Center on Labor, Human Services, and Population
Cities Washington-Arlington-Alexandria, DC-VA-MD-WV