The Assets for Opportunity Coalition takes up Baby Bonds!
The Assets for Opportunity Coalition has been advocating for Baby Bonds (S.2146; H.3429) along side the Matched Savings Bill. Baby Bonds in the 2025-2026 legislative session. Filled by Senator Feeney and Representative Vargas in partnership with the Treasurer Goldberg. Baby Bonds would provide an invested account with seed money to any child born in Massachusetts who receives TAFDC or is in foster care. When the child turns 18, they can then use that money, which has grown over the past 18 years, to pay for education and purchase a home among other allowable goals.
Baby Bonds empowering people with financial independence through increasing savings.
Learn more about Baby Bonds from the factsheet or the Baby Bonds page on Mass.gov.
Baby Bonds directly address the root cause of economic inequality: the lack of access to wealth-building opportunities. While income supports help families meet immediate needs, they do not close the long-term wealth gap. By providing a publicly invested asset that grows over time, Baby Bonds ensure that young adults, especially those from historically marginalized communities, enter adulthood with a financial foundation to pursue education, homeownership, or entrepreneurship.
Just as important, Baby Bonds remove the barrier of needing money to save money. Unlike traditional programs, families are not required to contribute in order to benefit. This creates a more equitable system where opportunity is not determined by a family’s starting point, but by a shared commitment to expanding access to financial independence across Massachusetts.