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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.
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Ohio Capital JournalOhio Capital Journal
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$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…

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Alabama Live broke the news in Alabama, United States on Wednesday, June 25, 2025.
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