President Trump has set up something similar to IRAs for newborn babies, that they can access at age 18 for education and housing expenses. Babies start with a $1000.00. Families can add up to $5000.00 a year. Billionaires and other donors are being encouraged to add to the accounts. The Dell computer family just gave 6 billion towards it, which gives every baby around $250.00 more. The compounded interest should add up to a lot of money at 18.

https://www.msn.com/en-us/money/mar...-claim-one/ar-AA1RyS3z?ocid=BingNewsSerp

Keith

I’m a huge fan of getting folks investing,,,,but not sure this is a good idea

Government definitely not good,,,,, private individuals maybe,,,

Free money rarely ends well,,very rarely

Investing 6B in low cost index funds just pumps everyone’s current bag

It’s great for current investors

Sounds like dells are putting 6.5 themselves,,,, and others will add more

Maybe there will be no actual government money???

The first thousand dollars comes from the US Treasury. The government gives much more in tax credits, that are paid out, even when not earned. That money is typically quickly spent, not saved and grown through compounded interest, like the Trump account.

The 6.5 billion from the Dells is a private donation. It doesn't cost the US taxpayer anything. Other billionaires and people are being encouraged to donate too.

Social Security is going to fail. Most people would retire much, much more wealthy if they could put the money Social Security takes and out it in an IRA. The Trump Account is allowing the babies to avoid going into as much debt slavery for education and housing expenses. This puts them in much better financial positions in life. It also gets people thinking about a better system to pay for their retirement. I think the Trump Account is genius.

Keith

When the debt is increasing 1 Trillion$ every 160 days,,,

Free government money doesn’t make sense to me,,,,, even if it pumps my bags

But like they say,,,,, nothing stops the train