US Government Proposes New Savings Plan for Newborns $1000

The United States government has proposed a new savings plan called the Trump Account meant to help new born babies save money for their future. 

The government will deposit $1,000 into a savings account for every newborn baby. Families and friends can then add up to $5,000 per year to the account.

This money will be invested in the stock market and is expected to grow over time and the funds can then be used for specific purposes like education, buying a home, or starting a business.

The money gained during investments won't be taxed. That's cool right? So, children born between January 1, 2025, and January 1, 2029, are eligible.

So what is your view on this and do you think it's a good move by the Trump administration? Share your thoughts in the comments section.