New 'Trump Account' Offers $1,000 Investment for U.S. Newborns
A new government initiative, known as the 'Trump Account,' will provide $1,000 to U.S. citizens born between 2025 and 2028. This tax-deferred investment vehicle is designed to grow over time, with funds becoming accessible when the child turns 18. The accounts are intended to be invested in low-cost, diversified U.S. stock index funds, such as those tracking the S&P 500. While some critics argue that the accounts do not address immediate financial needs for families, proponents highlight the long-term financial benefits for children across various income levels. 
