The 401Kids Savings Act would create savings accounts for newborns. While state child savings accounts have shown promise, inflation and taxes prompt concerns.
I’m not from the US so I don’t know much about the subject but is it not what the 401k already is?
Basically every worker in the US giving money to the rich so they can play with it for few decades and hopefully at the end the worker is getting the money back with a bit of interest on it.
I’m not from the US so I don’t know much about the subject but is it not what the 401k already is?
Basically every worker in the US giving money to the rich so they can play with it for few decades and hopefully at the end the worker is getting the money back with a bit of interest on it.
That’s pretty much exactly it.