What Are Trump Accounts? How the $1,000 Baby Investment Works

President Donald Trump signed a bill into law earlier this year that would give $1,000 to every newborn in the United States. Called “Trump Accounts,” the money would be invested in the stock market by private firms, and the child would be able to access the account once they turn 18. Texas Lt. Gov. Dan Patrick proposed a similar state program earlier this month. Would these accounts actually benefit parents and their kids? Juan HernandezAriano, a certified financial planner at OneSeven helps break it down. Hello Houston is your connection to the heart of the Bayou City. We dive deep into the stories that matter to Houstonians – from breaking local news to cultural happenings, community voices, and the everyday joys and challenges of life in our vibrant city. Hosts Ernie Manouse, Frank Billingsley, and Celeste Díaz Schurman bring you thoughtful discussions, insightful interviews, and a mix of topics including local politics and city events, Houston’s ever-changing food scene, and feel-good stories from your neighborhood. Hello Houston streams live on YouTube weekdays from 11 a.m. – 1 p.m. CT, and airs live on Houston Public Media’s News 88.7. SUBSCRIBE for more local news and information from Houston Public Media:    / @houstonpublicmedia   ---------- FOLLOW US: Instagram:   / hellohouston.show   Instagram:   / houstonpubmedia   Facebook:   / houstonpublicmedia   X: https://x.com/houstonpubmedia ---------- Houston Public Media is a trusted source for local news, information, and original storytelling in Houston, Texas. For the latest news and information, visit the Houston Public Media website: https://www.houstonpublicmedia.org/ Subscribe to the Hello, Houston! newsletter: https://www.houstonpublicmedia.org/he... Houston Public Media is a service of the University of Houston. ------------- We can’t do it without you. Support our award-winning community journalism by donating today: https://www.houstonpublicmedia.org/do...