The term “trust fund babies” may evoke millennial hipsters in trendy urban neighborhoods living off wealth stockpiled by their more entrepreneurial parents or grandparents. It’s a lifestyle most working class New Mexico families perhaps wouldn’t recognize or even aspire to. But Rep. Doreen Gallegos, D-Las Cruces, sometimes has trouble explaining her proposal to create a revenue source to support the new state Early Childhood Education and Care Department. So she’s marketing the idea as a trust fund for the state’s 123,630 children under age 5. The analogy is a good one.
The rich grandparents would be the state of New Mexico.