Scott Bessent: “States, philanthropists and charitable organizations can…”

“Importantly, students will not be able to access their accounts during this time. Keeping accounts locked until age 18 will require Americans to learn the art of long term savings and compound growth. States, philanthropists and charitable organizations can also tie fund funding of individual Trump Accounts to students passing financial literacy courses. This flexibility creates space for states, philanthropies and educators to innovate and identify what works best in building financial skills. Three pillars of America's social contract are embedded in the Declaration of Independence.” (21:56–22:07)

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