By Lauren Young

NEW YORK, Dec 4 (Reuters) – Will “Trump Accounts” help lower-income Americans build wealth?

The investment program is part of President Donald Trump’s One Big Beautiful Bill Act, although many details are still unknown.

“Overall, anything that pushes families to build savings early is useful in theory, but the mechanics matter more than the slogan,” says Melissa Caro, a certified financial planner in New York.

HOW TRUMP ACCOUNTS WILL WORK

The government expects to roll out the program on July 4, 2026. The U.S. Treasury will deposit $1,000 of seed money into investment accounts for all children born between 2025 and 2028 with a valid Social Security number. The government will invest the money in low-cost index funds that grow tax-deferred. Income taxes are due upon wit

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