00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Trump accounts have drawn 6.5 million sign-ups, but some parents say they are still waiting for
00:07the program's $1,000 seed funding to arrive, according to the Associated Press. The tax-advantaged
00:13accounts can be opened for children under 18, while babies born from 2025 through 2028 qualify
00:20for Treasury funding. Parents and others can contribute, and private firms invest the money
00:25in index funds. Funds generally cannot be accessed until age 18 and are limited to uses such
00:31as education, starting a business, or buying a home. The Treasury Department said most transfers
00:36take one or two days, though parents may receive estimates of up to four weeks.
00:41Critics say Trump accounts do not support families during children's most vulnerable
00:45early years, while the law that created them also cut funding for Medicaid and food assistance
00:50programs used by children. For all things money, visit Benzinga.com.
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