Investment Accounts for Babies Are Coming. Wall Street Can’t Wait.

The podcast discusses "Trump Accounts," a new government program offering a $1,000 seed investment for children born between 2025 and 2028, designed to promote financial literacy and incentivize family formation. The initiative, part of Trump's Big Beautiful Bill, allows families to invest in low-cost U.S. stock index funds through tax-advantaged accounts, with contributions capped at $5,000 annually. While the administration emphasizes financial literacy, the program also aims to address declining fertility rates. Wall Street and major donors like Michael Dell are heavily involved, seeing opportunities for customer acquisition and alignment with the administration's policies, despite potential criticisms regarding influence and benefits for wealthier families.