The arrival of a newborn usually brings sleepless nights and mounting expenses, but for American families, it now comes with a significant financial head start from the federal government. In a sweeping move to encourage generational wealth building, a new initiative is set to deposit a four-figure sum directly into investment vehicles for millions of infants born in the coming years.
This 'baby shower gift' from Congress and President Donald Trump aims to leverage the power of compound interest from day one. By providing seed money immediately after birth, the administration hopes to foster a culture of saving that extends well into adulthood.
