How the $1,000-per-baby ‘Trump accounts’ would work and who would benefit most

CNN —

On the face of it, the so-called “Trump accounts” — which would provide parents of newborns with $1,000 to invest on behalf of their child’s future — would be a plus for many families.

“It’s a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation, and they’ll really be getting a big jump on life,” President Donald Trump said Monday at a White House event.

The five-year pilot program, which is included in the House-passed budget bill — also known as the “One Big Beautiful Bill Act,” now under consideration in the Senate — could give a financial leg up to a new generation to build savings for their education and beyond.

While the proposal has its merits, it may not do as much as it could to help the tens of