Supporters of government-created trust funds compare them to other broad asset-building programs like the GI Bill and the Homestead Act of 1862, in which families could earn a piece of land by settling it.
(MPI/Getty Images)
Cash on delivery
The movement to give every American a trust fund at birth
Supporters of government-created trust funds compare them to other broad asset-building programs like the GI Bill and the Homestead Act of 1862, in which families could earn a piece of land by settling it.
(MPI/Getty Images)
TRUST FUNDS, IN the popular imagination, go along with Park Avenue addresses, weekend jaunts to Paris, and summer as a verb. Like a private SAT tutor or a boarding-school diploma, a trust fund symbolizes the enormous edge enjoyed by the rich before adulthood even starts. (Full article: 2254 words)
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