Trump launches savings program for children, babies are offered $1,000

The programme, called “Trump Accounting”, aims to establish investment accounts for American children, where initial funds deposited by the government will be invested in funds that follow the stock market. Children will be able to use these tools after they reach the age of 18.

According to programme rules, the right to a thousand-dollar contribution lies with children born from January 1st 2025 to December 31, 2028, provided the required criteria are met, reports bc.

In addition to the initial amount from the state, parents, relatives and employers will be able to contribute to these accounts until the annual set limits. The goal is for children to have a financial basis for the future, including education, purchase of a home, or long - term savings.

Trump has presented the programme as a way to give American children a better financial start and promote the culture of saving and investing early in life. However, the programme has also caused debate, as critics argue that lower - income families can benefit less because of limited opportunities to increase money in these accounts.

According to reports, the U.S. government has already begun its first deposit, and hundreds of thousands of children have benefited from the initial contribution of $1000. /Periscope/