Trump Accounts: $1,000 for Newborns, Stock Market Investing & Eligibility Explained

• Trump Accounts provide $1,000 for every newborn whose parents open an account, with funds invested in the stock market until age 18.
• The program aims to help children, especially from low-income households, build wealth and gain financial freedom.
• Parents can contribute up to $2,500 annually (pretax), with a total cap of $5,000, excluding government and charity contributions.
• To qualify for the $1,000 seed money, babies must be US citizens with a Social Security number, born between Jan 1, 2025, and Dec 31, 2028.
• Critics argue the accounts may widen the wealth gap and do little for immediate needs, while supporters see it as promoting capitalism.

Why It Matters: Trump Accounts offer $1,000 for newborns to be invested in the stock market, aiming for financial freedom.