Before there were Trump Accounts, SEED OK gave some newborns $1,000 — how researchers say the grants affected kids

According to CNBC, state-sponsored savings programs like SEED OK have informed the design of a new federal initiative. SEED OK provided newborns with one thousand dollars in tax-deferred accounts — a model that paved the way for Trump Accounts, which extend similar child investment benefits more broadly.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton