For many parents, saving for a child's future begins long before adulthood. Whether it is setting money aside for university, a first home or another milestone, every financial decision can shape opportunities later in life. A new savings programme in the US is adding another option to that list.
Trump Accounts officially launched this week after being approved by Congress last year as part of the One Big Beautiful Bill Act, the Republican tax and spending law. The accounts are designed to help children build long-term investments before they turn 18, with some eligible children receiving an initial government contribution of $1,000. The programme has attracted attention because it combines government funding, private contributions, and long-term investing. However, financial planners say parents should consider how it fits alongside their existing financial goals.
