US EditionHow the $1,000-per-Baby ‘Trump Accounts’ Would Work and Who Would Benefit Most
- During a Monday White House roundtable, President Trump introduced the 'Trump Accounts' program, proposing a one-time government payment of $1,000 for children with birthdates ranging from January 2025 through January 2029.
- The accounts aim to offer financial support amid rising living costs and are modeled after the UK's Child Trust Fund, though concerns exist about long-term sustainability and regressive effects.
- The initiative includes a five-year pilot under the 'One Big Beautiful Bill Act' and sets contribution limits, investing federal funds in low-cost index funds with withdrawals restricted until age 18 for education, home buying, or business start-up.
- Jason Smith, chair of the Ways and Means Committee, described the accounts as transformative for new parents, highlighting their potential to fund education, business startups, or home purchases. Additionally, the Milken Institute estimates that an initial $1,000 investment could grow to approximately $8,300 over 20 years under this plan.
- While the program offers a financial boost to many families, experts note it favors wealthier households able to add contributions and may not fully assist lower-income families as intended.
15 Articles
15 Articles
Port: Whatever happens in Congress, North Dakota should do its own 'Trump accounts'
MINOT — Our state's official Latin motto is, "Serit ut alteri saeclo prosit." In English, that's "One sows for the benefit of another age." North Dakota has before it an opportunity to live up to that fine idea. The so-called "Trump accounts" included in the "big, beautiful bill" passed by Congress would give each child born to citizens in the United States $1,000 into a savings account they could then access in adulthood. I've long been a propo…
What Parents Should Know About the $1,000 ‘Trump Accounts’
Almost every baby born in America would get a $1,000 investment account from the government under a program championed by President Donald Trump. “This is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life,” Trump said Monday at a roundtable at the White House with top business executives. [time-brightcove not-tgx=”true”…
How the $1,000-per-baby ‘Trump accounts’ would work and who would benefit most
On the face of it, the so-called “Trump accounts” — which would provide parents of newborns with $1,000 to invest on behalf of their child’s future — would be a plus for many families.
How The $1,000-Per-Baby ‘Trump Accounts’ Would Work And Who Would Benefit Most
On the face of it, the so-called “Trump accounts” — which would provide parents of newborns with $1,000 to invest on behalf of their child’s future — would be a plus for many families.…The post How The $1,000-Per-Baby ‘Trump Accounts’ Would Work And Who Would Benefit Most appeared first on The Liberation News Nigeria.
What Are the $1,000 'Trump Accounts', And Who Will Be Able to Get One?
The path to financial security might be on the way for Americans born over the next four years. Following a roundtable discussion at the White House on Monday, President Donald Trump announced 'Trump Accounts,' which would involve the government making a one-time contribution of £846 ($1,000) to children born between January 2025 and January 2029. This money would then be allowed to grow, ensuring a reliable trust fund for all if managed respons…
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