Future fund would help close income gap, supporters say
Last updated 1/24/2022 at 10:50am
Young adults will be able to access a fund years from now to give them a boost if lawmakers pass a bill aimed at narrowing the gap between the rich and poor.
Rep. Monica Stonier, D-Vancouver, sponsor of HB 1861, said the Washington Future Fund Trust would act as a savings and investment account for babies born under the state’s Medicaid program, Apple Health. Beginning in 2024, a minimum of $3,200 will be set aside for each eligible child to access between their 18th and 31st birthdays.
“I think it’s an exciting way to deal with a lot of the challenges that we’re seeing and that we...