00:00It's Benzinga bringing Wall Street to Main Street.
00:02BlackRock CEO Larry Fink said Trump accounts could support early wealth building for children
00:07when paired with tools such as 529 and 401k plans, according to CNBC. In his annual letter,
00:14Fink cited a 2023 Aspen Institute paper showing early accounts increase the likelihood of earning
00:20advanced degrees, starting businesses, and owning homes. The accounts include a $1,000
00:26Treasury deposit for eligible children born between 2025 and 2028, with contributions capped
00:33at $5,000 annually and employer contributions limited to $2,500. Families have filed nearly
00:403.5 million accounts, with more than $800,000 qualifying for the initial deposit, according
00:46to the Treasury. BlackRock and other large employers pledged to match the Treasury's $1,000 seed money
00:52for children of U.S. employees. For all things money, visit Benzinga.com.
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