Overview

• The proposal seeds every U.S. citizen born between January 1, 2025, and January 1, 2029, with a one-time $1,000 tax-deferred investment account tracking the stock market.
• Parents or guardians can contribute up to $5,000 annually, with funds available at age 18 for education, home purchases or business start-ups and full access at age 30.
• The One Big Beautiful Bill passed the House last month and now faces a Senate review aimed at a July 4 deadline.
• Major companies including Dell Technologies, Uber and Goldman Sachs have pledged to match or add funds to employees’ children’s accounts.
• Critics say the plan may benefit wealthier families more than those in poverty and won’t address immediate needs, and the CBO warns it will boost the national debt by $2.4 trillion over ten years.