The US administration will open accumulative "Trump accounts" for children with $1 thousand.

US President Donald Trump presented the Trump Account initiative at the White House, which provides for the creation of a $1,000 trust fund for every American child from a poor family born between 2025 and 2028. This is stated in a press release published on December 2 on the White House website.

Trump's Accounts are a new, historic savings tool made possible by President Trump's landmark tax cuts for working families," the publication says.

It is noted that young Americans will be able to withdraw funds from the "Trump Account" only after reaching the age of 18, this will allow them to form initial capital for education or starting a professional career.

According to the terms of the initiative, parents and their employers, family members, and charities will be able to transfer funds to children's accounts. After that, the money will be reinvested in securities of funds that track the company's key stock indexes, clarifies "Газета.Ru ".

Unreliable asylum: the United States may deprive hundreds of thousands of people of refugee status

The checks will affect almost a quarter of a million people who moved to the United States under Joe Biden.

The Financial Times newspaper reported on November 1 that more than 40 million low-income Americans were suffering from delays in government food aid due to the suspension of the US government. According to the publication, more than 42 million Americans receive this type of assistance, 40% of whom are children.

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