POLITICSJul 16 · 10:30 UTCFORTUNEDarrick Hamilton

New School economist: Trump Accounts will widen America’s wealth gaps

The U.S. government launched Trump Accounts, a tax-based savings program providing $1,000 investment accounts for children born between 2026-2028. Research from The New School suggests the program may widen wealth gaps, as higher-income families can contribute more annually (up to $5,000) compared to lower-income families, mirroring disparities seen in 529 college savings plans.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

Trump AccountstopicThe New SchoolorganizationInstitute on Race, Power and Political Economyorganization529 college savings planstopicSurvey of Consumer Financestopic2026-2028topic$1,000topic$5,000topic

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

POLITICSJul 16 · 02:07 UTC
In the United States, 'Trump Accounts' prove a hit, with $1,000 in savings allocated to every American newborn
POLITICSJun 17 · 15:56 UTC
Trump accounts: What parents need to know about the new savings program
POLITICSJul 14 · 04:00 UTC
Why the world should copy Trump for once
BUSINESSJul 6 · 23:19 UTC
'Trump accounts' will bring financial literacy for millions, Treasury Secretary says
BUSINESSJul 7 · 00:15 UTC
Who could benefit the most from Trump Accounts
POLITICSJul 7 · 08:43 UTC
These are the millionaires and billionaires pledging to fund Trump accounts