Responding to a fluff article on the new "Trump account"

[Yo_Mama_Been_Loggin]

Here’s how a $1,000 ‘Trump account’ could swell to $100,000 by age 21—and $2 million by 60—even with modest contributions from families


The One Big Beautiful Bill that was signed into law last week includes a provision for so-called Trump accounts that provide a one-time contribution of $1,000 from the federal government for U.S. babies born from 2025 to 2028. Depending on how much is invested and how well the stock market performs, the accounts could grow substantially over time.

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The so-called Trump accounts, which are expected to be available next July, are open to babies who are U.S. citizens born from 2025 through 2028 and have Social Security numbers.

The federal government will make a one-time contribution of $1,000. Families can also contribute up to $5,000 a year, with employers allowed to chip in up to $2,500 of that amount. The money must sit in low-cost stock mutual funds or ETFs tracking a U.S. stock index, such as the S&P 500.

I guess what it comes down to is how much disposal income families with children have. While I think people can and should save, outside of the $1000 stipend at birth a lot of this is already available.