Overview

• The pilot would automatically seed a tax-deferred index fund with $1,000 for every U.S. citizen born between January 1, 2025, and January 1, 2029.
• Guardians and private entities could contribute up to $5,000 annually, with funds accessible for education, home purchases or business expenses at 18 and fully at 30.
• The ’One Big Beautiful Bill’ that includes the accounts passed the House but now faces resistance in the Senate over its overall cost and proposed cuts to Medicaid and SNAP.
• CEOs from Dell Technologies, Goldman Sachs and other major firms have pledged to match the government’s $1,000 contribution for their employees’ children, totaling billions in private support.
• Experts caution that the $1,000 seed—projected to grow to about $3,570 in 18 years—may have limited impact on childhood poverty and bars children of unauthorized-status parents.