Dossier
Institute on Race, Power and Political Economy
Coverage of Institute on Race, Power and Political Economy in the Nexus archive.
- 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.