"Relatives, rather than giving a toy for a birthday or holiday, they can contribute to these accounts."
"because you won the lottery. You got $1,000 and the power of compound interest."
"She told Americans that they can survive on $3 meals so long as they stick to plating a piece of chicken, a piece of broccoli, a corn tortilla, and "one other thing.""
The Treasury promoted a pilot program of government-funded child investment accounts that place $1,000 into accounts for children born between January 1, 2025 and December 31, 2028. Treasury Secretary Scott Bessent encouraged relatives to contribute to those accounts instead of giving toys and predicted fewer lottery entrants because recipients will receive $1,000 plus compound interest. The initiative aims to give children an early start in stock market investing and to address affordability challenges. Critics compared the proposal and related administration comments to out-of-touch policy suggestions about low-cost meals and broader economic disconnects.
Read at Jezebel
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