Levelling the Playing Field
Sangita Myska meets Professor Darrick Hamilton, a US academic who thinks Baby Bonds hold the answer to solving wealth inequality.
Sangita Myska goes in search of the innovators with big solutions to some of our most intractable problems.
Existing inequalities have been exacerbated by the pandemic, so how can we level the playing field so that all children have an equal chance? According to Professor Darrick Hamilton, the answer is Baby Bonds, a means tested lump sum of up to $60,000 which all children are entitled to when they reach adulthood.
In the US the idea is gaining traction and some states are exploring implementing their own versions of Baby Bonds. But could the idea make a difference here?
Our expert panel:
Dr Zubaida Haque, Executive Director of The Equality Trust
Tunde Banjoko, founder of charity Making the Leap and The Social Mobility Awards
Dr Rajiv Prabhakar, Senior Lecturer in Personal Finance at the Open University, and expert on financial inclusion
Producer: Ellie Bury