As the president touts Trump Accounts, some families are still waiting for baby's $1,000
The Treasury says 6.5 million accounts have been opened as some parents report delays in receiving the $1,000 seed deposit.
- President Donald Trump will speak at a Georgia high school on Wednesday to promote Trump Accounts, which offer $1,000 in seed money for every child born during his second term.
- The Treasury Department boasts 6.5 million sign-ups for the initiative, with 1.5 million children eligible for the $1,000 funding, aiming to give Americans a stake in the stock market.
- Parents including Masaki and Kristina McLellan report delays in receiving seed money, with some families told processing may take up to four weeks after account activation.
- Characterizing the wait as "standard processing time, like receiving a tax refund," the Treasury Department defended the lag, while critics argue the program ignores immediate family needs.
- Since its inception last year, the program has faced scrutiny because legislation creating it also slashed funding for Medicaid and the Supplemental Nutrition Assistance Program.
128 Articles
128 Articles
Trump's Visit to Georgia, Trump Accounts, Candidates Speak
President Donald Trump and gubernatorial candidate Rick Jackson visited Wheeler High School in Cobb County on Wednesday, where Jackson pledged that, if elected governor, he would match Trump Accounts for Georgia’s children. While on stage, Trump highlighted the benefits of Trump Accounts, namely, that American children born between the beginning of 2025 and the end of 2028 can claim a Trump Account of $1,000. Each family can invest an additional…
The dubious rags to riches promise of Trump accounts
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 […]
Millions Sign Up For Trump Accounts, But Some Families Are Still Waiting For Their Baby’s $1,000
At a rally Wednesday, President Donald Trump touted the $1,000 babies can receive when their parents open Trump Accounts in their names, seed money that Trump says will help give them “a really fair shot at the American dream.” “Think of that. The government is finally giving money back to our children,” Trump said to […]
President Trump Highlights New Child Savings Accounts as Some Families Face Delays
President Trump promotes a federal program providing $1,000 seed money for children's savings accounts, with over 7 million sign-ups reported, though some parents encounter processing waits of several weeks. The post President Trump Highlights New Child Savings Accounts as Some Families Face Delays appeared first on The Daily Hodl.
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