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Can Trump Accounts help close the wealth gap? Here's what experts say stands in the way
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- Trump Accounts have the potential to build long-term financial security for millions of U.S. children; however, some experts say they may not do much to reduce the wealth gap over time.
- The tax-deferred investing accounts, which will launch on July 4, include a one-time $1,000 deposit from the U.S.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
Trump Accounts have the potential to build long-term financial security for millions of U.S. children; however, some experts say they may not do much to reduce the wealth gap over time.
The tax-deferred investing accounts, which will launch on July 4, include a one-time $1,000 deposit from the U.S. Department of the Treasury for kids born between 2025 and 2028. Other funds may also be available for qualifying families.
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