Trump Accounts: $1K for Every Baby Born 2025-2028

Trump Accounts initiative offers $1,000 deposit for children born between 2025-2028, encouraging long-term savings and wealth building. This government-funded program, part of a tax and spending package, allows up to $5,000 annual contributions, with employers and charities also contributing. Funds are invested in low-cost stock index funds, accessible for education or home purchases after age 18. Estimated to cost $15 billion through 2034, it promotes financial literacy and provides a head start for young Americans.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.