How An Economist Thinks About “Trump Accounts”
1. Trump Accounts create tax-deferred investment vehicles for newborns starting in 2025. 2. Each account receives $1,000 annually, potentially redirecting capital to stocks. 3. Economic benefits depend on new investments versus mere capital redirection. 4. Concerns exist over market risk for participants and overall economic impact. 5. Potentially a pilot for broader reforms in Social Security and savings.