Posted on: June 09, 2025 03:33 PM

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President Trump made a new announcement

It's very upsetting to New Yorkers.

This is the quote, "For every U.S. Citizen born after December 31, 2024, before January 1, 2029, the federal government will make a one-time contribution of $1,000 into a tax-deferred account that will track the overall stock market. These accounts will be private property controlled by the child's guardians."

The bad news is that if it's managed with utmost care, it will be around $25,000 once someone reaches the age 18.

Another bad news is if not touched and leave it alone, it will be over $100,000 once the retirement age is set.

However, the fund can be used for personal gain within the stock market if done carefully to become a millionaire and pay taxes along the way.

Democratic will fight this plan since it is deeply disappointing.