Massachusetts considers trust funds for the state's poorest newborns to help 'shrink the racial wealth gap'

Massachusetts is considering trust funds, aimed at reducing the racial wealth gap, for the state's poorest newborns that the recipients would be able to access when they turn 18. 

The "baby bonds" would be an at-birth publicly funded trust fund program for Massachusetts residents, to be used for college, buying a home or starting a business. The amount given to each eligible newborn would depend on their household income, although it doesn't give a maximum amount or specify who would qualify for the funds.  

"Children born into households with low...