
Many American children have a new account. What you need to know.
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The Trump administration has started to automatically enroll millions of American children into savings accounts.
This new program is called the 530A savings account.
More than sixty million children are affected by this measure.
The government wants to help families save money for the future.
If parents have not yet opened an account, enrollment is automatic.
The accounts will receive a small amount of money from the State to start.
Families can choose not to participate if they wish to.
However, many people do not know yet that this change exists.
This project is an important part of the new economic policy.
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