U.S. Starts Trump Accounts for Newborns

The administration of U.S. President Donald Trump has launched the "Trump Accounts" program, which provides every American child born between 2025 and 2028 with a government-funded investment account worth $1,000, aimed at promoting saving and investing from an early age. The program allows parents and guardians to open accounts for children under 18, with the funds automatically invested in stock market indices. Estimates suggest that a child receiving annual contributions of $5,000 could have about $271,000 by age 18, and reach $13 million by age 55, though returns depend on market performance. The goal of the program is to reduce barriers to saving, despite questions about its impact on wealth inequality.

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