News@lemmy.world · 6 months ago

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

www.cnbc.com

cross-posted to:
personalfinance@lemmy.ml

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

www.cnbc.com

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News@lemmy.world · 6 months ago

cross-posted to:
personalfinance@lemmy.ml

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

www.cnbc.com

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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