() President Donald Trump’s “big, beautiful bill” has touched on several facets he feels will help the American people presently and in the future. Investment in the country’s youth is also part of those changes in the legislation.
Trump on Monday is planning to highlight the “Trump Account,” in which the federal government will make a one-time contribution of $1,000 into a tax-deferred, low-cost index fund account that will track the overall stock market to every U.S. citizen born between Jan. 1, 2024, and Jan. 1, 2029.
The accounts will be private property controlled by the child’s guardians.
The accounts will begin at $1,000 per child, with the opportunity to contribute an additional $5,000 every year throughout the child’s life.
Several CEO’s, including from Dell, Uber, and Goldman Sachs, are also announcing billions of dollars in collective investments into “Trump Accounts” for the children of their employees.
