‘Baby Bonds’: Cory Booker Wants To Give Every American Child Up To $2,000 Per Year Until They’re 18

Sen. Cory Booker (D-NJ) and fifteen other Democratic Senators want to give $1,000 to every American child every year until they reach adulthood.

The American Opportunity Accounts Act — reintroduced by Booker in January — would give each American child $1,000 in “Baby Bonds” at birth. Depending on household income, the child’s interest-bearing account would receive up to $2,000 annually, which could be accessed at age eighteen for buying a home, starting a business, or paying for college.