Claire Cain Miller
speaker
184 appearances
1 recordings
1 series
first heard Jul 2026
last heard 24 Jul
Claire Cain Miller’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
So anyone under 18 can have an account opened in their name.
The law says that the money must be invested in low-cost index funds, which basically means that for minimal fees, they're accessing the broad stock market.
If children are born since January 1st, 2025, and they have an account open in their name, they'll automatically get the $1,000 from the federal government.
And families, friends, employers can donate.
Also, philanthropists can.
So the Dells behind the Dell Computer Fortune have donated $250 to most children who aren't eligible for that $1,000 from the federal government to try to seed these accounts.
Wow.
And parents could have checked a box on their tax forms in April to open these accounts, or they can go to irs.gov and get a tax form.
And a new thing is that when parents of newborns register for their social security number at the hospital, they will also get a chance to open a Trump account for their baby.
When the child is 18, they then become an IRA, which is essentially an account that can only be used for certain purposes.
Okay.
Retirement, college, buying a first home, things like that.
If someone tries to withdraw money from the account for a different purpose, they're assessed a penalty.
Right.
So we've heard a lot about income inequality in the United States, which is the vast difference between what the lowest paid workers earn each year and what the highest paid workers like CEOs and billionaires earn.
That's about how much you earn from your job.
But wealth refers to savings and assets.
These are like retirement accounts, a brokerage account with your savings in it, the house that you own.
So the gap between savings
the least wealthy Americans and the most wealthy Americans is even larger than the gap in how much they earn.
Showing 41–60 of 184 · page 3 of 10
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