Your “childhood” shouldn’t be extended even further
It’s not really Generation Z’s fault that they’re the softest generation in all of human history. Many of them spent their whole life in front of computers with their parents hovering in the background, being told that they needed to be shielded from opinions they don’t like and that they’re victims because they have to deal with normal human struggles. Then, when they got to adulthood, many of them were terrified because they’d never really been prepared to be an adult because mom and dad (or in many cases, just mom) were around to do everything for them. So, to a lot of these kids, the idea of getting out on their own and being responsible for their own life is frightening. That, not economics, is really the biggest reason…Open
President Trump signed an executive order on Thursday that expands retirement benefits for employees who do not have access to such benefits through their employers. The executive order does not create a new government retirement plan, but it helps match workers with existing plans from private companies. Under the order, the Treasury Department will launch TrumpIRA.gov, where workers are able to choose their own retirement plans. Americans who make less than $35,500 per year individually or less than $71,000 as a couple can use the site to claim federal matching funds – up to $1,000 annually for individuals and $2,000 for couples. #Trump #Savings #Retirement
President Trump and Treasury Secretary Scott Bessent held a summit Wednesday with CEOs and investors ahead of the administration’s launch of “Trump accounts” for newborn babies. Under the investment accounts, children in the U.S. with a Social Security number born between Jan. 1, 2025, and Dec. 31, 2028, will be given a stock market account with a one-time $1,000 deposit from the Treasury that will grow similarly to individual retirement accounts, or IRAs, according to the IRS.
