Trump Administration unveils child-savings app with $1,000 per eligible kid

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Source: The Washington Post
Trump Administration unveils child-savings app with $1,000 per eligible kid
Photo: The Washington Post
TL;DR

The Trump administration released a new app to manage child investment accounts, with the federal government seeding $1,000 per eligible child starting July 4; the tool, available on Apple and Google stores, includes financial literacy modules and is aimed at nearly 6 million children born between 2025 and 2028.

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