‘Baby bond’ legislation aims to address wealth gaps in Washington state
GeekWire
FEBRUARY 8, 2023
One in ten Washington households have zero or negative net worth, while 36% have a net worth of $500,000 or more, the report found. The idea that “baby bonds” can help close such gaps was proposed in 2010 by economists Darrick Hamilton and William Darity Jr., Household net worth in Washington State and the U.S.
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