Trump Accounts: $1K for Babies, $250 for Low-Income Kids
Update: 2025-12-17
Description
Parents of newborns in 2025 or 2026 may receive an extra $1,000 for their childs Trump Account, a new initiative promoting financial security. However, families must actively sign up, and there are concerns about lower-income families missing out due to extra paperwork. Tech billionaire Michael Dell and his wife are contributing $6.25 billion to these accounts for the first 25 million American children in specific zip codes with median incomes below $150,000. The initiative, while marketed as Trump Accounts, has bipartisan support, with senators encouraging companies to back child investment accounts.
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