President Trump's Plan for 'Trump Accounts' Sparks Debate on Child Savings
President Trump has introduced 'Trump Accounts,' a tax-deferred savings account for children born from 2025 onward. The accounts, part of a broader legislative package, allow contributions up to $5,000 annually, invested in U.S. equity index funds. Billionaire donors, including Michael and Susan Dell, have pledged significant contributions to the program. The initiative aims to promote financial literacy and long-term savings among young Americans, with bipartisan support despite differing views on its implementation and impact.