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News@lemmy.world · 2 years ago

Wealth inequality starts at birth. Lawmakers debate whether child savings accounts can help, the 401Kids Savings Act

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Wealth inequality starts at birth. Lawmakers debate whether child savings accounts can help, the 401Kids Savings Act

return2ozma@lemmy.world to

News@lemmy.world · 2 years ago

Wealth inequality starts at birth. Lawmakers debate whether child savings accounts can help

The 401Kids Savings Act would create savings accounts for newborns. While state child savings accounts have shown promise, inflation and taxes prompt concerns.

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SeaJ@lemm.ee
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2 years ago
The income cap for it is pretty low so wealthy people would not be able to put into it.
- RagingRobot@lemmy.world
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  2 years ago
  But they already don’t need it lol

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