The Trump Account proposal is viewed by supporters as a gift for a good start in life: The federal government will provide a one-time payment of $1,000 to each child born in the U.S. According to the White House statement, these accounts “will afford a generation of children the chance to experience the miracle of compounded growth and set them on a course for prosperity from the very beginning.”
The question before us is whether the Trump Accounts can reduce the wealth gap and increase the chances of individual economic success. Through a Latino lens, the details matter.
The Trump Accounts And Latinos
To qualify, a child must be a U.S. citizen…
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