Similar initiatives have been tried many times in history and in many places around the world!
Will it increase the number of babies born?
How much of an incentive is it?
Demography is destiny so they say!
"Overview
- The One Big Beautiful Bill permits Trump Accounts to be established for American children who have not reached age 18.
- An American child born after December 31, 2024 and before January 1, 2029 for whom a Trump Account is established will receive an initial $1,000 deposit from the government, with the potential for parents to contribute up to an additional $5,000 per year initially.
- Employers may make an annual contribution of up to $2,500 to a Trump Account and that contribution will not impact the employee’s taxable income.
- CEA [Council of Economic Advisors] estimates that, under a scenario of average returns on the U.S. stock market, Trump Account balance for a baby born in 2026 will be:
- $303,800 by age 18 and $1,091,900 by age 28 if maximum contributions are made.
- $5,800 by age 18 and $18,100 by age 28 if no contributions are made.
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