Home Financial Trump’s Big Idea for Babies: $1,000 Starter Accounts With Strings Attached

Trump’s Big Idea for Babies: $1,000 Starter Accounts With Strings Attached

by Deidre Salcido
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The House has passed a proposal that could reshape how Americans save for their children — especially those born during President Trump’s second term. According to CBS News, the plan includes creating government-funded investment accounts for newborns, dubbed “Trump accounts,” seeded with an initial $1,000 contribution. The concept is straightforward: Give every eligible baby a financial head…

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