Prosperity Now hosted a Capitol Hill Day of Action for Every Kid's Future to highlight and build support for Baby Bonds and the American Opportunity Accounts Act (known as “the Baby Bonds bill”) nationwide.

Highly unequal wealth distribution in the US—caused by historic and persistent economic exclusion—is a drain on the health of our economy. To level the playing field, we need all babies to start life with investments that can help them build financial security and wealth as adults. That’s where the American Opportunity Accounts Act comes in.

Sponsored by Sen. Cory Booker (D-NJ) and Rep. Ayanna Pressley (D-MA-7), the American Opportunity Accounts Act would create a national Baby Bonds program providing every child with an initial $1,000 investment, plus annual deposits of up to $2,000, with the largest amount going to children from the lowest-income households. As adults, participants would use the funds to begin building economic security and wealth through purchasing a home, starting a small business or paying for postsecondary education.