Stacey Vanek-Smith

When employers are seeing that level of increase, I would expect employees will be asked to pay some of that increase.

It really does function a little bit like a retirement account where you can make tax-free contributions.

The child's family, even an employer, can make contributions into these accounts.

And then once the child turns 18, they can start withdrawing these accounts for things like a down payment on a house or education, things like that.

From Bloomberg Businessweek, I'm Stacey Vanek-Smith.

And I'm Max Chavkin.

Each week we unpack what is happening on Main Street and Wall Street.

All the streets.

WrestleMania has taken over the U.S.

A little actual magic in our underrated story of the week.

I decided to ask people how they felt about the penny going away.

Listen to Everybody's Business wherever you get your podcasts.