US EditionVisa Lets Cardholders Fund Trump Accounts with Rewards
Visa partners with U.S. banks to let cardholders direct rewards into federally seeded Trump Accounts, which start with $1,000 and aim to build savings for children born 2025–2028.
- Visa announced it will try to allow cardholders to deposit credit rewards into Trump Accounts, which are government-funded savings accounts established for children born between 2025 and 2028.
- The company said directing rewards into Trump Accounts will help families save for their children's futures, with the accounts starting with a $1,000 government investment.
- While Trump stated the accounts will give children 'real assets and a shot at financial freedom', a think tank argued they primarily benefit families that already have spare resources.
33 Articles
33 Articles
Wall Street lines up behind ‘Trump Accounts’
More big Wall Street banks are throwing their weight behind “Trump Accounts.” Bank of America, JPMorgan, and Wells Fargo said they would match the $1,000 the government is putting into their employees’ eligible children’s retirement accounts. Visa even said it will let its cardholders tap their cash rewards to deposit them into their Trump accounts — turning Americans’ fondness for debt into an asset for the next generation. (Baby’s first points…
Trump Rallies Business Leaders to Fund Accounts for Babies
President Donald Trump rallied business leaders to supplement the thousand dollars that his Administration is giving every American child born between the years 2025 and 2028 in new “Trump Accounts” later this year. In an ebullient event in Washington, D.C., the President joined with a group of celebrities, CEOs, and members of the Administration to stoke support for the accounts, a modernized form of baby bond that can be invested more widely. …
POTUS: Trump Accounts Will 'Put $3-$4 Trillion of Wealth' in Young Americans' Hands
WASHINGTON–President Donald Trump forecasted at Wednesday's Trump Accounts Summit that Trump Accounts will "put $3-$4 trillion of wealth into the hands of young Americans" over the next 15 years.
Coverage Details
Bias Distribution
- 73% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
