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Trump Accounts Launch With $2K Boost | Raleigh News
Starting July 4th, a new federal savings account for kids—dubbed Trump Accounts—is launching with a $1,000 government deposit for eligible children born between 2025 and 2028. Big banks like Goldman Sachs and Morgan Stanley are matching that amount for their employees’ kids, giving some children a head start with $2,000 in U.S. stock index funds. Over 87 companies, including Citi, JPMorgan Chase, and Vanguard, have already pledged to match the government’s deposit before the program’s official launch. Designed to foster early investment and long-term financial security, the initiative is…
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