‘Trump accounts’: Wall Street-backed investment funds for children to go live

According to The Guardian, a new savings program for families with young children is launching this week. Called 'Trump accounts,' the initiative offers government-funded investment vehicles for any child born between January twenty twenty-five and December twenty twenty-eight. Each eligible account receives a thousand dollars from the government, and parents can deposit up to five thousand dollars annually. The accounts are professionally managed by major Wall Street firms and were authorized by congressional Republicans.

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