As the president touts Trump Accounts, some families are still waiting for baby's $1,000
The Treasury says 6.5 million accounts have been opened as some parents report delays in receiving the $1,000 seed deposit.
- President Donald Trump will speak at a Georgia high school on Wednesday to promote Trump Accounts, which offer $1,000 in seed money for every child born during his second term.
- The Treasury Department boasts 6.5 million sign-ups for the initiative, with 1.5 million children eligible for the $1,000 funding, aiming to give Americans a stake in the stock market.
- Parents including Masaki and Kristina McLellan report delays in receiving seed money, with some families told processing may take up to four weeks after account activation.
- Characterizing the wait as "standard processing time, like receiving a tax refund," the Treasury Department defended the lag, while critics argue the program ignores immediate family needs.
- Since its inception last year, the program has faced scrutiny because legislation creating it also slashed funding for Medicaid and the Supplemental Nutrition Assistance Program.
61 Articles
61 Articles
Trump said Australia's system 'worked out very well' with $200,000 saved by 67 — so why didn't he apply that model to Trump Accounts?
Australia's mandatory 12% employer contributions built that balance over a working lifetime. Trump's newborn accounts rely on a one-time $1,000 deposit.
Trump Accounts has some parents unhappy with their babies’ $1K investment accounts. Here’s why
President Donald Trump says Trump Accounts could hoist children out of poverty and give more Americans the chance to benefit from investments in the stock market. But some parents say they’re still waiting for the money to arrive.Trump on Wednesday plans to speak at a Georgia high school to promote the investment accounts, which offer $1,000 in seed money to every child born during his second term. The accounts went live July 4, two days before …
🏫 Trump in town
Presidential visit Wednesday, July 22 — President Donald Trump will visit Wheeler High School in Cobb County this afternoon to pitch his Trump Account initiative (What is a Trump Account?). The trip has sparked pushback, including planned demonstrations from the Cobb County Democratic Committee. Expect traffic near Dobbins Air Force Base and Wheeler throughout the day. Scattered thunderstorms with a high of 86° today. Federal agents arrested ove…
Coverage Details
Bias Distribution
- 47% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
