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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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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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7 months ago
That’s good, it means the cap won’t restrict what you can save for your children.

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