Jingguan Finance Hotspots
Economic Observer News On Monday (June 9), local time, US President Trump hosted a roundtable at the White House called "Invest America", focusing on promoting a core clause included in the Republican Major Domestic Policy Act - providing each American newborn with a $1,000 Trump Account investment account.
Under the plan rules, the government will set up these accounts for all children of U.S. citizens born between January 2025 and January 2029, calling them "Trump Accounts." The $1,000 from the government will be deposited into an index fund linked to the entire stock market, managed by the child's legal guardian. Each child’s account starts at $1,000, and the guardian or other private entity can contribute up to $5,000 per year throughout the child’s life cycle.
These funds will be invested in index funds that track the U.S. stock market. The use of funds is strictly restricted: 50% of the balance can be withdrawn at the age of 18; 25 can use it for full amount for entrepreneurship or education; 30 can freely distribute all funds.
