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The new savings plan for kids is just being set up, but advocates already have ideas for fixing shortcomings they see and expanding the program.
The accounts were included in the GOP's sprawling domestic policy plan enacted in July. | Matt Rourke/AP
The Trump administration is gearing up to create investment accounts for millions of children — and in the process, advocates hope, create a new generation of capitalists.
The initiative, tucked into Republicans’ domestic policy megabill, is not only aimed at building nest eggs for kids, with the government providing $1,000 in seed money for those born in the next four years. At a time when economic anxiety is mounting, the government also wants to convince young people and their families of the benefits of investing by experiencing it for themselves.
