Kids and Money: Why Trump Accounts Are Worth a Look - Tribune Content Agency
- The U.S. government plans wealth-building accounts for children born between January 1, 2025, and December 31, 2028, with a $1,000 initial deposit.
- This program is part of the contentious budget legislation endorsed by the president and House Republicans, though its approval during the budget process remains uncertain.
- The accounts track a stock index, permit private contributions up to $5,000 yearly, allow partial withdrawals at age 18, limited use at 25, and full control at 30.
- The Washington Post estimates the annual program cost at $3.6 billion, while experts highlight strings attached and emphasize early financial literacy benefits.
- If implemented, the initiative could encourage saving habits in a consumption-oriented society and establish early investment exposure, but it requires proper democratic debate.
20 Articles
20 Articles
New 'Trump Accounts' program faces criticism for benefiting wealthy over poor children
'Trump Accounts' included in the tax and spending cut bill would be available to U.S. citizens born between 2025 and 2028, and whose parent, or parents, if legally married, already have Social Security numbers. (Getty Images)WASHINGTON — Tucked in the “one big beautiful bill” is a proposal for tax-advantaged “Trump Accounts,” each seeded with $1,000 from the government for certain babies born in the United States over the next few years. But fin…
$1,000 'Trump Accounts' for babies skewed toward the wealthy, critics say • Nevada Current
'Trump Accounts' included in the tax and spending cut bill would be available to U.S. citizens born between 2025 and 2028, and whose parent, or parents, if legally married, already have Social Security numbers. (Getty Images)WASHINGTON — Tucked in the “one big beautiful bill” is a proposal for tax-advantaged “Trump Accounts,” each seeded with $1,000 from the government for certain babies born in the United States over the next few years. But fin…
Kids and Money: Why Trump accounts are worth a look - Tribune Content Agency
If you could give your newborn child a $1,000 jumpstart on life courtesy of Uncle Sam, you’d do it in a heartbeat, right? Even better, the money would go into an investment account where it would sit untouched until the child turns 18 thereby enjoying the benefits of compounding. Those are key selling points behind […]
$1,000 'Trump Accounts' for babies skewed toward the wealthy, critics say • Georgia Recorder
'Trump Accounts' included in the tax and spending cut bill would be available to U.S. citizens born between 2025 and 2028, and whose parent, or parents, if legally married, already have Social Security numbers. (Getty Images)WASHINGTON — Tucked in the “one big beautiful bill” is a proposal for tax-advantaged “Trump Accounts,” each seeded with $1,000 from the government for certain babies born in the United States over the next few years. But fin…

$1,000 ‘Trump Accounts’ for babies skewed toward the wealthy, critics say
'Trump Accounts' included in the tax and spending cut bill would be available to U.S. citizens born between 2025 and 2028, and whose parent, or parents, if legally married, already have Social Security numbers. (Getty Images)WASHINGTON — Tucked in the “one big beautiful bill” is a proposal for tax-advantaged “Trump Accounts,” each seeded with $1,000 from the government for certain babies born in the United States over the next few years. But fin…
$1,000 'Trump Accounts' for babies skewed toward the wealthy, critics say • Kansas Reflector
'Trump Accounts' included in the tax and spending cut bill would be available to U.S. citizens born between 2025 and 2028, and whose parent, or parents, if legally married, already have Social Security numbers. (Getty Images)WASHINGTON — Tucked in the “one big beautiful bill” is a proposal for tax-advantaged “Trump Accounts,” each seeded with $1,000 from the government for certain babies born in the United States over the next few years. But fin…
Coverage Details
Bias Distribution
- 90% of the sources lean Left
To view factuality data please Upgrade to Premium