Trump Accounts: New Wealth-Building Program for Lower-Income Americans

Trump Accounts initiative aims to help lower-income Americans build wealth by depositing $1,000 into investment accounts for children born between 2025-2028. Michael Dell and wife contribute $6.25 billion, targeting children in low-income ZIP codes. Accounts convert to traditional IRAs at 18, with penalties for early withdrawal. If left untouched, $1,000 could grow to $16,000 in 28 years, and up to $180,000 with monthly contributions. Program rolls out July 4, 2026, aiming to boost U.S. economy and teach about compound interest.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.