'Trump Account' newborns could have $1.9M by 28, Treasury Dept. says. Here's what's required to get that much

Key Highlights

• When the One Big Beautiful Bill was signed into law on July 4, it created a new account for children.
• The so-called “Trump account” provides a one-time $1,000 deposit from the government at birth and gives parents and relatives the chance to make additional contributions each year.
• The Treasury Department has now claimed that the accounts could grow to $1.9 million over 28 years.
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