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Old 06-10-2021, 03:56 PM
 
Location: Connecticut
34,918 posts, read 56,918,061 times
Reputation: 11220

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This is the first I heard of this one, the state is getting ready to give each child on Medicaid a Bond that would be worth $11,000 when they turn 18. What do you think? Jay

http://ctmirror.org/2021/06/09/ct-to...-into-poverty/
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Old 06-10-2021, 04:16 PM
 
6,579 posts, read 4,968,631 times
Reputation: 8014
Biting my tongue......
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Old 06-10-2021, 05:14 PM
 
9,875 posts, read 7,204,615 times
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If the money is limited to higher education or starting a business at age 18, it might be a cheap way to give kids a start upon reaching adulthood.
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Old 06-10-2021, 05:29 PM
 
Location: Northeast states
14,052 posts, read 13,926,968 times
Reputation: 5198
People from other state going move to CT when heard about this
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Old 06-10-2021, 05:51 PM
 
837 posts, read 506,628 times
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I support the idea, but the age should be higher - 22, maybe 25. Piles of pitfalls with handing a 18 yo a lump sum like that, including parents making the kids turn over the check to them. I once had a parent use their kids ssn to open accounts snd ruined their credit at 14. If he was getting a check like that at 18, I would be “give me the check or get out.” At 18, that money would carry him 6 months max. By early 20s, it might actually do some good.
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Old 06-10-2021, 06:04 PM
 
34,019 posts, read 17,050,952 times
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Quote:
Originally Posted by robr2 View Post
If the money is limited to higher education or starting a business at age 18, it might be a cheap way to give kids a start upon reaching adulthood.
I'd limit it to a higher education voucher.
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Old 06-10-2021, 06:13 PM
 
21,618 posts, read 31,193,827 times
Reputation: 9775
It appears they’d be handing an 18 year old a wad of cash (correct me if this is untrue).

Gee, what could go wrong?
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Old 06-10-2021, 06:59 PM
 
Location: USA
6,887 posts, read 3,736,068 times
Reputation: 3494
Ah, nothing like an 18 year old frontal lobe. Why not
BBS rims. Are those still a thing? Yokahama low profiles. Some Doug Thorleys maybe. Louder the better
A Suzuki GSXR 1200R, Yoshi pipes, again the louder the better.
Maybe buy mom something for her 30th.
Lots of options
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Old 06-10-2021, 09:05 PM
 
1,888 posts, read 1,184,113 times
Reputation: 1783
This is the same demo that usually gets free tuition at state schools already.

Also the State is Us. We are giving the money.
It's just another tax.
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Old 06-10-2021, 10:23 PM
 
3,318 posts, read 1,816,274 times
Reputation: 10333
Hasn't anyone figured out that $11k in 18 years will be worth ~$2k in todays dollars?
That's using the REAL rate of inflation of over 10% according to the Chapwood Index... and everyone I know.
So it will make NO difference (except buy some good dope) because it's chicken feed!
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