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FactCheck.org

The dubious rags to riches promise of Trump accounts

Donald Trump United States Bennie Thompson CEA

By Justine Wang

ANALYSIS — President Donald Trump has repeatedly said that so-called Trump accounts, new federal investment and savings accounts for children, “could grow to hundreds of thousands of dollars” by the time children turn 18. That’s only true if parents or other donors contribute thousands of dollars per year, per child, assuming that future returns are close to the historic stock market averages.

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