Survey Asks for Insights on New Investment Accounts for Babies
Parents are being asked to provide insights in a survey on the new 530A - referred to as “Trump accounts” - investing opportunity for children born between 2025 and 2028.
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Participants in the Commonwealth survey will be asked to answer 10 short questions. Some may be invited to take part in additional surveys or interviews on the topic, with incentives up to $50.
With no contribution from families, 530A is a $1,000 deposit into an account for every baby born between 2025-28. The funds are invested and held by the Treasury until the child turns 18 years and could be worth anywhere from $5,000 to $6,000 at that point.
The survey is aimed to research how comfortable parents of new babies would be to participate in the new account.
Questions in the survey include how participants heard about it, whether they are currently pregnant or the parent of a child born on or after January 1, 2025, what their current estimated household income is, and other questions.
Those interested can take the survey online.