The Trump administration is launching its long-promised 'Trump Accounts' programme on 4 July, giving eligible newborn American children a $1,000 (£775) government-funded investment account.
Supporters describe it as a bold attempt to create a generation of investors. Critics, however, argue that the scheme offers little help to families struggling with the soaring cost of raising children today. The funds remain locked away until the child reaches adulthood, and critics say the initiative does not address the financial pressures that many young families face now.
