Wisconsin’s Sixth District congressman is reminding residents of a children’s savings plan created through the “One Big Beautiful Bill.”
Congressman Glenn Grothman says every child deserves the opportunity to build a brighter financial future, and the newly created Trump Accounts would do just that.
Children who are born between January last year and December 31st, 2028, can receive a $1,000 Treasury pilot contribution to help jump-start savings.
Parents, grandparents, relatives, friends, employers, and charities can contribute up to $5,000 a year to grow the accounts.
Rep. Grothman says the accounts will be held in the stock market, not normal savings accounts, so growth will be “exponential.”
Depending on how much is invested after several decades, the Glenbeulah Republican says some children could see over $1 million in savings.
Rep. Grothman noted that more than 6 million families signed up before the official launch, and over 50 companies have committed to contributing to Trump Accounts for their employees’ children.
He says more about the accounts on his X account.
