The dubious rags to riches promise of Trump accounts
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By Justine Wang
ANALYSIS — President Donald Trump has repeatedly said that so-called Trump accounts, new federal investment and savings accounts for children, “could grow to hundreds of thousands of dollars” by the time children turn 18. That’s only true if parents or other donors contribute thousands of dollars per year, per child, assuming that future returns are close to the historic stock market averages.
While touting the program, Trump has also repeatedly suggested that children from
ANALYSIS — President Donald Trump has repeatedly said that so-called Trump accounts, new federal investment and savings accounts for children, “could grow to hundreds of thousands of dollars” by the time children turn 18. That’s only true if parents or other donors contribute thousands of dollars per year, per child, assuming that future returns are close to the historic stock market averages.
While touting the program, Trump has also repeatedly suggested that children from
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