About $1.5 billion has gone into the accounts since July 4, a figure covering both the government's money and what families have added on top. The tax breaks in Trump's 'big beautiful bill' expire after 2028 — and experts say most people won't act in time. About 1.7 million American babies now qualify for $1,000 apiece from the federal government, but Peter Schiff insists they'll end up paying it back themselves — with interest. The $1,000 stops with babies born after 2028, while the generation runs to 2039. This article originally appeared on Moneywise.com under the title: Peter Schiff warns 1.7 million babies getting $1,000 Trump accounts will repay the $14.6 billion cost themselvesThis article provides information only and should not be construed as advice.