How ‘Trump accounts’ for kids could widen the wealth gap

A new proposal would allow parents to contribute up to $2,500 per year in pretax income to their children’s 530A accounts.

Children sit on the floor as US President Donald J. Trump (R) speaks on the first day of trading for Trump Accounts on July 6, 2026 in the Oval Office of the White House in Washington, D.C. Trump Accounts grant eligible American children born between 2026 and 2028 $1,000 to fund ‘starter’ IRAs. [Photo: Shawn Thew/Pool/For The Washington Post via........

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