Treasurer: CT baby bonds target inequality; ‘Trump accounts’ don’t

CT Mirror – Tuesday, August 12, 2025
By P.R. Lockhart

As the White House celebrated the July 4 passage of the One Big Beautiful Bill Act, President Donald J. Trump paused to commemorate one specific aspect of measure: the creation of new savings accounts that will give each newborn baby with a Social Security number, born between 2025 and 2028, $1,000 that will grow in an account established by the government.

Days later, Connecticut State Treasurer Erick Russell stood before an audience of his own to praise a different program aimed at investing in the state’s youth. Since 2023, Connecticut has run a “baby bonds” program, giving $3,200 to babies born to families eligible for the state’s Medicaid program HUSKY.

Click here to read the entire article.