with income inequality and differences in savings and homeownership rates being offered as potential causes. Even among quantitative studies, the percentage of the racial wealth gap attributed to any one of these causes varies widely. A 2016 analysis by Herring and Henderson which used data from the Survey of Consumer Finances, drew a dichotomy between cultural factors, such as savings rate, and structural factors, such as housing discrimination. Herring and Henderson found that structural factors explained more of the racial wealth gap than cultural factors, but that even if all factors between White and Black Americans were equal, the mean racial wealth gap would remain at around $155,000. Maury Gittleman and Edward Wolff, in a 2004 study that analyzed wealth accumulation over the period of a decade, found that once income is controlled, there is not a significant racial difference in savings. Instead, Gittleman and Wolff found that the racial wealth gap would decrease if Black Americans inherited and earned at similar levels to White Americans. Multiple studies, including articles authored by Darity and Hamilton, have cited intergenerational money transfers and inheritances as the largest contributors to the racial wealth gap. In contrast, recent studies by Ashman & Neumuller and Aliprantis & Carroll took independent approaches but concluded that income disparities between racial groups, over time, formed the largest cause of the racial wealth gap. Both studies suggested focusing on policies that would reduce income disparities, but recognized the importance of multiple interventions. Active Plans Connecticut On June 30, 2021, Connecticut became the first state in the United States to enact a baby bond program. The plan establishes an initial $3,200 for each baby born in Connecticut who's enrolled in the medicaid program. They'll then have access to the money once becoming adults for a qualified expense, such as college or mortgage down-payment. Proposed plans Darity and Hamilton's proposal Darity and Hamilton's initial 2010 proposal was framed as a scaled-up version of the now-defunct United Kingdom's child trust fund program, which provides each newborn a trust ranging from £250 to £500, based on family resources. Darity and Hamilton proposed that the trust amounts be adjusted on a sliding scale with a starting value of $50,000-60,000 for newborns whose families are in the lowest quartile of net family wealth. Under this proposal, the trust would garner a return of 1.5-2% through federally managed investments and would be accessible only once the