ScienceFortuneabout 2 hours ago
Trump Accounts may widen wealth gaps
6 min read
New School economist Darrick Hamilton warns that Trump Accounts, a federal program giving each newborn a $1,000 investment account, may widen America's wealth gaps. Analysis of 529 college savings plan data shows that higher-income families contribute far more, and the tax-preferred structure primarily benefits those already able to invest.
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