Future fund trust would help to close income gap, supporters say

OLYMPIA – Young adults will be able to access a fund years from now to give them a boost if lawmakers pass a bill aimed at narrowing the gap between the rich and poor.

Rep. Monica Stonier, D-Vancouver, sponsor of House Bill 1861, said the Washington Future Fund Trust would serve as a savings and investment account for babies born under the state’s Medicaid program, Apple Health. Beginning in 2024, a minimum of $3,200 will be set aside for each eligible child to access between their 18-31 birthdays.

“I think it’s an exciting way to deal with a lot of the challenges that we’re seeing and that we...