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Economists Say Trump Accounts Could Transform Long Term Savings For Millions Of Families
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Just The News, Approved, National

Economists Say Trump Accounts Could Transform Long Term Savings For Millions Of Families

By Christina Park | Just the News Backed by a $1,000 government seed deposit and billions in private philanthropy, the new tax-deferred accounts aim to give American newborns a massive financial head start. "Trump Accounts” officially launched on Monday following a July 4 opening, drawing positive feedback from economists who project the program will provide significant financial benefits for American children nationwide.  The accounts come as part of Trump’s new tax law, the One Big Beautiful Bill, and are essentially tax-deferred investments for newborn American citizens born between January 1, 2025, and December 31, 2028. As of today, more than six million people have signed up for the accounts. The program includes an automatic seed deposit of $1...
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$100K Income Now Falls Into Lower Middle Class Bracket In Colorado
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kdvr.com, Approved, State

$100K Income Now Falls Into Lower Middle Class Bracket In Colorado

By Alix Martichoux | KDVR (NEXSTAR) – A six-figure income used to be shorthand for “rich.” Now, it’s barely enough to get by in many parts of the country, including Colorado. And it’s not just California and New York where families are feeling the pinch. The rising cost of housing, childcare, groceries – and well, just about everything – has stretched households’ income further and further. Even big earners have found themselves living paycheck to paycheck. In a dozen states, a household income topping $100,000 isn’t considered particularly high. When compared to other earners, it’s actually considered “lower-middle class,” according to an analysis by MoneyLion. READ THE FULL ARTICLE AT KDVR
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