The main purpose of this measure is to combat America’s declining birth rate, which hit a new record low of 1.6 births per woman in 2023. Most experts agree that a rate of 2.1 is necessary to maintain the population.
“This is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation,” Trump has said of the proposed investment.1
But while these Trump Accounts have raised some eyebrows, it is not the first time a government has taken financial action in its attempts to revive struggling birth rates.
Read Full Article »