Trump Unveils Family Savings Accounts with $1,000 Per Newborn

The White House is launching 'Trump Accounts,' a government-backed savings program opening on July 4. It offers $1,000 for newborns born in 2025–2028; children born 2016–2024 could qualify for $250 in certain ZIP codes via a $6.25 billion pledge from Michael Dell for the first 25 million sign-ups. Families can contribute up to $5,000 per year per child. Critics are skeptical, officials suggest prioritizing Roth IRAs and 401(k)s, and the piece notes that Treasury figures claim more than 6 million kids have already signed up.