skinny.

Latest / Jersey City News Today | 2 Min News | The Daily News Now!

Trump Accounts: $1K for Kids Starting 2026 | Jersey News

Starting July 4, 2026, every U.S. child born between 2025 and 2028 will get a $1,000 government deposit into a new “Trump Accounts” IRA-style savings plan, designed to teach kids about investing while building long-term wealth—potentially turning a $1,000 seed into $500,000 by retirement. Parents must sign up via Form 4547, and contributions can be boosted by employers or others up to $5,000 annually, all invested in low-cost U.S. stock index funds. But critics warn it could deepen inequality, as wealthier families can add more, leaving others behind. Listen in comfort:Get a discount on a…

The skinny

The skinny isn't ready yet — notes appear once the transcript is processed.