From PBS NewsHour.

The massive tax and spending bill signed by President Donald Trump on July 4 includes a new program dubbed "Trump accounts, " or investment accounts for children.

Babies born between Jan. 1, 2025, and Dec. 31, 2028, are included in the initial pilot program, which includes a $1,000 deposit from the government. The goal is to introduce more Americans to investing and to help build small amounts of wealth for children and their families.

The initiative has bipartisan backing and is generally supported by economists and other researchers. Here’s a look at how these accounts would work and what experts say about their benefits and drawbacks.

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