Reply #61: Except that the money doesn't go to the parents....... [View All]

and the "money" would be obtained after finishing high school.

We have a baby bonus down here in Australia where the parents actually get a cash check for $5000.00 when the baby is born. Now THAT has been a dumb idea because there really are a lot of people having babies just to get that quick cash infusion (I know this because I'm an Obstetrician here and am present at many deliveries where the new mother comments about where this money is going.)

Hillary's comment: "I like the idea of giving every baby born in America a $5,000 account that will grow over time, so that when that young person turns 18 if they have finished high school they will be able to access it to go to college or maybe they will be able to make that down payment on their first home," she said.

By itself, it's an interesting idea. Doesn't help those of us who have already been born, had our children, or aren't going to have children but it does seem to be a way of giving newly graduated students a boost.