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The Trump administration has unveiled a new initiative, dubbed "Trump accounts," which it claims will be a transformative financial opportunity for American families. President Donald Trump announced that starting in 2025, the Treasury Department will deposit $1,000 into an investment account for every American child born with a valid Social Security number through 2028. Additional contributions of up to $5,000 can be made by parents, employers, churches, states, and loved ones. The administration projects that with modest contributions, these accounts could grow to at least $50,000 by the time the child reaches 18. Despite the administration's enthusiasm, awareness of the program remains low. A poll by Exclusive Public, published by Reuters, revealed that 57% of Americans have never heard of a Trump account, and 25% are aware but unable to explain it. Currently, 500,000 families have signed up for the program. ___________________________________________________________ More news coverage NBC 15 at http://mynbc15.com Follow us on BlueSky: https://mynbc15.bsky.social on Facebook: / mynbc15 on Instagram: / mynbc15 on Threads: https://www.threads.net/@mynbc15/ on X: / mynbc15 #localnews #mobile #alabama #mobileal #mobilealabama