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'Trump Accounts' For Kids Could Turn Out to Be a Game Changer for the Next Generation
['Rick Moran', 'Sarah Anderson', 'Matt Margolis', "Tim O'Brien", 'David Manney']
PJ Media
Ideally, parents or schools should fill this gap in children's education by offering basic financial education.
Schools often lack comprehensive financial education because of a crowded curriculum that prioritizes standardized testing, a shortage of trained teachers, and the perception that it is a personal or parental responsibility.
"Trump Accounts" is a new federal initiative aimed at improving the financial future of American children through tax-advantaged investment accounts.
Trump accounts are designed as long-term, tax-advantaged investment vehicles where funds are restricted until the beneficiary reaches 18 years old.
The Trump Accounts will cost taxpayers about $15 billion through 2034.