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Could ‘Trump Accounts’ Actually Close the Wealth Gap?

Could ‘Trump Accounts’ Actually Close the Wealth Gap?

The Daily vor 2 Monaten

The investment accounts created in last year’s tax bill allow babies to receive a $1,000 deposit from the federal government.

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This month, President Trump announced the start of “Trump
accounts,” an investment device that could eventually help
address the nation’s wealth gap.

Claire Cain Miller, who covers families and education for The New
York Times, explains how these accounts work and why so many
Americans have yet to sign up.

Guest: Claire Cain Miller writes for The Upshot,
which uses data and visuals to help explain the world.

Background reading:

Many children don’t have Trump accounts. Some are missing out
on $1,000.

Photo: Allison Robbert for The New York Times

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