From Quartz.

🎥 Video Details 🎥

🌟 About This Video 🌟
Economists evaluate a proposal to create $1,000 “Trump accounts” for newborns, citing implications for wealth inequality. The plan would invest the accounts in index funds for use at age 18, and allow wealthier families to add up to $5,000 annually. Critics argue the One Big Beautiful Bill pairs the program with cuts to Medicaid and SNAP, and question corporate matches.

Projections show an untouched account reaching about $15,000 by 18 versus $742,000 with maximum contributions, and $243,000 versus $13 million by 55. Economists Darity and Radcliffe instead highlight baby bonds, a wealth-scaled alternative with pilots underway and research indicating large reductions in racial wealth gaps. #inequality #trumpaccounts #wealthgap #economy #babybonds

🤖 Crafted with Rizzle AI 🤖

This video was created using Rizzle AI, the ingenious no-edit video creation platform, with industry-leading assets from GettyImages and Soundstripe. Elevate your video content with Rizzle AI: https://app.rizzle.com/create

🔔 If you enjoyed this video, don’t forget to like, share, and subscribe! 🔔