From the Office of Governor Ned Lamont, January 17, 2024
(HARTFORD, CT) – Governor Ned Lamont and Treasurer Erick Russell today announced that 7,810 children across Connecticut have been born automatically eligible for the landmark Connecticut Baby Bonds program since it launched on July 1, 2023.
Connecticut is the first state in the nation to fund and implement a baby bonds program aimed at building a brighter future for children born into poverty. Children whose birth is covered by HUSKY, the state’s Medicaid program, are automatically enrolled in the program and are having $3,200 invested on their behalf. Those investments, which are managed by the Office of the Treasurer, will grow over time and can be used when the participant is between the ages of 18 and 30 for specific purposes intended to help build individual wealth. These include purchasing a home in Connecticut, starting or investing in a Connecticut business, paying for education or job training, and saving for retirement.
