The United States launches the Trump Accounts program, allocating $1,000 to newborns for index fund investments, available after age 18. In three days, 600,000 families have opened accounts, with an estimated 25 million participants. Companies like Nvidia, Coinbase, and others are matching $1,000 for their employees’ children. Critics say this will exacerbate income inequality: the wealthy see their savings grow exponentially with $5,000 annually, while the poor only accumulate $1,000, reaching just $3,570 after 18 years.
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Trump account plan launched! Newborns in the US receive a $1000 airdrop, NVIDIA joins the lineup
The United States launches the Trump Accounts program, allocating $1,000 to newborns for index fund investments, available after age 18. In three days, 600,000 families have opened accounts, with an estimated 25 million participants. Companies like Nvidia, Coinbase, and others are matching $1,000 for their employees’ children. Critics say this will exacerbate income inequality: the wealthy see their savings grow exponentially with $5,000 annually, while the poor only accumulate $1,000, reaching just $3,570 after 18 years.