ELI5: Explain Like I'm 5

Baby Bonus

Okay so, baby bonus is like when your mommy and daddy have a new baby and the government gives them some money to help take care of the baby.

See, babies need a lot of things like diapers, formula, clothes, and toys. And those things can cost a lot of money.

So the government wants to help out so that mommy and daddy don't have to worry too much about money and can focus on taking care of the new baby.

Sometimes the baby bonus comes in a lump sum, which means all the money comes at once. And sometimes it's spread out over a few months to help with the regular expenses of taking care of a baby.

But either way, the idea is to make sure the baby has everything they need to be happy and healthy.