Federal Reserve Bank of New York
09/27/2022 | News release | Distributed by Public on 09/25/2022 18:20
Exploring Baby Bonds as a Tool to Improve Economic Security
On Tuesday, September 27, the Federal Reserve Bank of New York, in partnership with the Office of the State Treasurer for Connecticut and the Institute on Race, Power and Political Economy at The New School will host an in-person event on the intersection of baby bonds with health, wealth, housing, and education.
Baby bonds are an innovative policy tool that provides children with publicly funded investment accounts that can be accessed at age 18 for specific uses, including education, homeownership, small business, and retirement. The funds are intended as a long-term investment designed to narrow the wealth gap and address generational poverty. As of 2022, eight states and Washington, D.C. have passed legislation to introduce baby bonds programs and supportive strategies that improve economic security.
The event will feature Connecticut State Treasurer Shawn T. Wooden and Dr. Darrick Hamilton, founding director of the Institute on Race, Power and Political Economy at The New School, and a conversation on the benefits and challenges of baby bonds programs and effective strategies to link the bonds to other efforts addressing generational poverty.
Event Details
Date & Time
September 27, 2022
Conference: 3:00pm - 4:30pm EDT (Reception to follow)
Location
Federal Reserve Bank of New York
33 Liberty Street
Benjamin Strong Conference Room (10th floor)
New York, NY
Federal Reserve Bank of New York
33 Liberty Street
Benjamin Strong Conference Room (10th floor)
New York, NY
In-person event only.
Audience
This in-person event is open to the public and the media. All remarks are on the record and the event will be recorded. The recording will be made available afterwards. For media inquiries, please contact Ellen Simon at [email protected].
Agenda
Agenda
| 3:00pm-3:10pm |
Welcome
David Erickson, Head of Outreach & Education, Federal Reserve Bank of New York |
| 3:10pm-3:25pm |
Opening Remarks
Shawn T. Wooden, Connecticut State Treasurer |
| 3:25pm-3:30pm |
Prepared Remarks
Amara Enyia, President of Transnational Advocacy, Global Black |
| 3:30pm-4:10pm |
A National Lens on Baby Bonds
Moderator: Garnesha Ezediaro, Greenwood Initiative Portfolio Lead, Bloomberg Philanthropies Panelists: Darrick Hamilton, Henry Cohen Professor of Economics and Urban Policy and Founding Director of the Institute on Race, Power and Political Economy at The New School Todd Howland, Chief of Branch, Development, Economics and Social Rights at Office of the United Nations High Commissioner for Human Rights, United Nations Jennifer Ng'andu, Managing Director-Program, Robert Wood Johnson Foundation Scott Winship, Senior Fellow and Director of Poverty Studies, American Enterprise Institute |
| 4:10pm-4:25pm | Q&A |
| 4:25pm-4:30pm |
Closing Remarks
Dyvonne Body, Community Development Specialist, Federal Reserve Bank of New York |
Speakers
Community Development Specialist
Federal Reserve Bank of New York
President of Transnational Advocacy
Global Black
Head of Outreach & Education
Federal Reserve Bank of New York
Greenwood Initiative Portfolio Lead
Bloomberg Philanthropies
Henry Cohen Professor of Economics and Urban Policy and Founding Director of the Institute on Race, Power and Political Economy
The New School
Chief of Branch, Development, Economics and Social Rights at Office of the United Nations High Commissioner for Human Rights
United Nations
Managing Director-Program
Robert Wood Johnson Foundation
Senior Fellow and Director of Poverty Studies
American Enterprise Institute
Connecticut State Treasurer
resources
CT Baby Bonds, The Office of Treasurer Shawn T. Wooden
A Brighter Future with Baby Bonds: How States and Cities Should Invest in Our Kids, Prosperity Now
The contents on this page-including third-party resources, hyperlinks and documents-are provided for informational purposes only and do not necessarily represent the views of the New York Fed or the Federal Reserve System.