Illustrative‘Trump accounts’: Wall Street-backed investment funds for children to go live
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Investment funds for children, referred to as "trump accounts", are being launched with backing from wall street. These accounts will reportedly accept stock donations, although it is unclear if they are limited to newborns or available to youth more broadly. The launch of these accounts is expected to have a significant impact on wall street, with some estimates suggesting a potential influx of billions of dollars into the market.
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