US launches "Trump Accounts," offering $1,000 to children born 2025-2028, with annual contributions up to $7,500.

The US government is launching "Trump Accounts," offering a one-time $1,000 deposit for children born 2025-2028, with parents able to add up to $5,000 annually and employers up to $2,500. Critics say the program favors wealthier families, potentially widening wealth gaps rather than closing them. Withdrawals before 59½ face penalties, except for home purchases or education.