The reach of Trump Accounts is growing under a new initiative known as Fostering the Future Accounts. An offshoot of the youth savings and investment accounts that the president introduced as part of the One Big Beautiful Bill (OBBB) Act, these accounts are specifically targeted for children in foster care.Under the program, announced in June, states will be able to open Trump Accounts on behalf of foster youth in the U.S. The hope is that this opportunity “gives foster children the same chance at asset ownership and long-term wealth as every other child,” said First Lady Melania Trump, per The Hill.
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