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A Mississippi father withdrew thousands from his young child’s savings, calling it a "zero percent loan," sparking concern over funds meant for the child’s future.
A Mississippi father is under scrutiny for withdrawing thousands from his young child’s savings account, funds meant as gifts for the child’s future.
He defended the move on a radio show, calling it a "zero percent loan" and saying the 3- or 4-year-old wouldn’t remember.
He admitted making the decision without his wife’s consent; she opposes it and has returned to military service to help address their $90,000 debt.
The incident has raised concerns about the use of funds intended for a child’s long-term financial well-being.
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Un padre de Mississippi retiró miles de dólares de los ahorros de su hijo pequeño, llamándolo un "préstamo del cero por ciento", provocando preocupación por los fondos destinados al futuro del niño.