US EditionMorton financial advisor on Trump Accounts: could 'supercharge savings for kids'
The Trump administration aims to boost financial literacy and early wealth-building with $1,000 seed funds for newborns, targeting children born 2025-2028, amid declining U.S. birthrates.
- Last week, U.S. President Donald Trump unveiled Trump Accounts at a Treasury summit in Washington, D.C., seeding $1,000 for each child born between 2025 and 2028 to boost financial literacy.
- Amid long-term demographic decline, U.S. Census projections show Americans over 65 rising to 23% by 2050, and policymakers promote pro-natalist policies to ease parenthood’s financial burden.
- According to TrumpAccounts.gov, balances could reach $6,000 by age 18, $15,000 by 27, and $243,000 by 55, assuming no further contributions, but critics call projections overly optimistic.
- Because the accounts apply only to babies born during the Trump administration, critics say the $3.5 billion annual cost increases deficits and burdens taxpayers and future generations.
- A review of 61 programs found cash benefits in high-income countries rarely reverse fertility declines, urging policymakers to consider consolidating savings into a universal tax-advantaged account.
15 Articles
15 Articles
Trump Accounts leave taxpayers paying the price
The Trump administration this week is rolling out “Trump Accounts,” promising $1,000 in taxpayer money for every child born between 2025 and 2028. What looks like a gift for families is really another expensive government handout that adds billions of dollars to the national debt while pretending to teach financial responsibility. Among the sweeping provisions of last year’s One Big Beautiful Bill Act (OBBBA) are the newly established “Trump Ac…
Morton financial advisor on Trump Accounts: could 'supercharge savings for kids'
Trump Accounts, new long-term investment accounts for children under 18, are launching on July 5th, with a potential $1,000 contribution from the US government for those born between Jan 1st and Dec 31st, 2028, to help supercharge savings for kids going into adulthood.
Trump accounts will revive the American dream
by Michael Busler at CDN - President Trump recently brought our attention to an innovative initiative stemming from the Big Beautiful Bill passed last July: the establishment of Trump Accounts. These accounts signify a national investment in our future, providing every newborn American with an initial $1,000 payment from the government. This sum marks the beginning of what I believe could … Click to read the rest HERE-> Trump accounts will reviv…
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