A new proposal in Washington could give $5,000 to every child born in the U.S. If passed, this program would help families set aside money for their children’s future. Here’s what we know so far.
What Is the $5,000 Stimulus for Kids?
The American Dream Accounts Act (ADAA) would create a $5,000 savings account for every baby born in the United States. The money would grow over time and could be used for college, buying a home, or starting a business once the child turns 18.
However, there’s a catch—if the money isn’t used by the time the child turns 25, it goes back to the U.S. Treasury.
Who Qualifies?
Right now, the proposal outlines basic eligibility requirements:
- The child must be born in the United States
- Additional rules, like parental income limits, could be added before it becomes law
Extra Cash for Community Service
The proposal also includes an opportunity for young adults to earn more. If someone completes a term of AmeriCorps service, they could receive an extra $10,000 bonus on top of their savings.
When Could This Happen?
This is still a proposal, meaning it hasn’t been approved yet. Lawmakers are currently debating it, and it would need Congressional approval before becoming law.
If passed, this could be one of the most significant financial support programs for children in U.S. history. Families should stay informed as more details emerge.
or a specific category with our 
Comments are closed, but trackbacks and pingbacks are open.