Overview
- President Trump’s program seeds $1,000 into tax‑advantaged investment accounts for children born from 2025 to 2028, with funds invested in broad U.S. equity index funds and controlled by parents until age 18.
- At the rollout, the White House touted outcomes ranging from at least $50,000 by age 18 with contributions to nearly $1.1 million by age 28 under maximum funding, while Treasury models show about $6,000 by 18 with no added deposits.
- Financial advisers and economists say the administration’s forecasts are optimistic, noting reliance on high stock returns, lack of inflation adjustments, and the likelihood families will not contribute at projected levels.
- Nicki Minaj pledged “hundreds of thousands” of dollars to support the initiative, and reporting says Bank of America and JPMorgan Chase agreed to match the $1,000 contributions.
- A Washington Examiner op‑ed warns taxpayers would shoulder recurring costs, estimating roughly $3.5 billion a year and criticizing the program’s limited eligibility window.