NYC legislators, COVID families rally in Albany for ‘baby bonds' to assist nearly 18K children

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NYC legislators, COVID families rally in Albany for ‘baby bonds' to assist nearly 18K children
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Nearly 18,000 New York children have lost a parent or caregiver to COVID-19, based on the Global Reference Group on Children Affected by COVID-19.

NY State Sen. Jamaal Bailey and Assemblywoman Catalina Cruz are pushing proposed legislation in support of government-funded baby bonds for children who lost a caregiver to COVID.

State Senator Jamaal Bailey and Assemblywoman Catalina Cruz introduced a bill in May 2023 called the New York Covid-19 Children's Fund, a program that would establish savings accounts for those grieving children. "Though nothing can fill the void left by a parent, grandparent, or caregiver during the pivotal moments of a child’s life, this legislation is a way to show our young people that despite their unimaginable loss, we stand by them, we believe in them, and we're committed to investing in their future," Bailey told NBC New York.Once age 18, those eligible can access these publicly-funded savings accounts to afford qualified life expenses, such as college or starting a small business.

Black and Latino children were more than twice as likely to lose a caregiver over white children. Based on the NIH data, 70% of caregivers lost were those children of color under 14 years old. "As we memorialize and heal, let us also take action and care for who remains, by supporting and passing 'Baby Bonds,' along with scholarships, a New York State memorial and the 'Joseph Trevor Act' for Workmans' Compensation for our heroic fallen essential workers," said Fletcher to News 4.

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