And then there are the Trump accounts. How do those work? Well, starting July 4th of this year, every child in America will have a personal investment account open for them. Newborn children will have them seeded with $1,000. Parents, family, employers can all put up to 5,000 a year in a tax advantage account. And all of that will be invested in the stock market, The S&P 500, a broad based equity index. (18:41–18:46)
CLAIM
Asserts that newborn children will have investment accounts seeded with $1,000.
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