“The MAGA Account proposal reflects a growing consensus: investing early in every child’s future is a smart and necessary step. At Prosperity Now, we’ve long supported this kind of forward-looking policy because we know what works, and because a child’s financial future shouldn’t be determined by the zip code they’re born into.  

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The proposal would create a federally funded savings account with a $1,000 deposit for children born between 2025 and 2028. That structure echoes core elements of baby bonds: giving children a financial foundation from birth. At the same time, research shows that lasting change comes from scale. Deposits must grow over time and be available when they matter most, such as paying for college, starting a business, or buying a first home.  

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As a leader in this space, we are encouraged to see lawmakers taking steps to reflect the principles of baby bonds. We stand ready to be a resource to those seeking practical, research-backed solutions to expand economic opportunity for all families.”

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