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Two-thirds of Americans back Trump's $1,000 baby savings plan proposal, new survey finds
['Amanda Macias']
Latest News | FOX 10
The enthusiasm for the savings program comes as millions of Americans struggle to set aside money for the future.
One in three lack any retirement savings and 30% are unable to immediately cover an unexpected $500 bill.
At the same time, a majority of Americans see trade school or college as the best use of funds from a "Trump account."
HOW THE 'BIG, BEAUTIFUL BILL' GIVES AMERICAN BABIES A FINANCIAL HEAD STARTAccording to Treasury projections, a maximized "Trump account" could compound into a seven-figure nest egg by adulthood.
Even at the lower end of projected returns, the savings account could still yield nearly $600,000 over the same period.