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News@lemmy.world · 7 months ago

Wealth inequality starts at birth. Lawmakers debate whether child savings accounts can help, the 401Kids Savings Act

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personalfinance@lemmy.ml

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Wealth inequality starts at birth. Lawmakers debate whether child savings accounts can help, the 401Kids Savings Act

return2ozma@lemmy.world to

News@lemmy.world · 7 months ago

cross-posted to:
personalfinance@lemmy.ml

Wealth inequality starts at birth. Lawmakers debate whether child savings accounts can help

The 401Kids Savings Act would create savings accounts for newborns. While state child savings accounts have shown promise, inflation and taxes prompt concerns.

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Billiam@lemmy.world
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7 months ago
Also:

“Need money now? Get a low* interest loan using only your child’s 401Kids as collateral! Turn that theoretical money into actual money!”

*And you better not miss a payment, you fucking deadbeat.

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