Event

Exploring Baby Bonds as a Tool to Improve Economic Security

September 27, 2022

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 hosted 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 featured 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

In-person event only. Event was recorded, with recording posted afterwards.

Audience

This in-person event was open to the public and the media. All remarks were on the record and the event was recorded. The recording will be made available afterwards. For media inquiries, please contact Ellen Simon at Ellen.Simon@ny.frb.org.



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

Dyvonne Body
Community Development Specialist
Federal Reserve Bank of New York


Amara Enyia
President of Transnational Advocacy
Global Black


David Erickson
Head of Outreach & Education
Federal Reserve Bank of New York


Garnesha Ezediaro
Greenwood Initiative Portfolio Lead
Bloomberg Philanthropies


Darrick Hamilton
Henry Cohen Professor of Economics and Urban Policy and Founding Director of the Institute on Race, Power and Political Economy
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


Shawn T. Wooden
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


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