Will the "MAGA Accounts," the Proposed $1,000 Investment Accounts for Newborns Help or Hurt the Economy?

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.4 • 1.4K Ratings

🗓️ 25 June 2025

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

The House-approved Big Beautiful Bill introduces "Trump Accounts," formerly known as "MAGA Accounts," tax-advantaged investment accounts that the government would seed with $1,000 investments for newborns. Today, Nicole explains how these accounts would work, who is eligible, and the economic impact. For Nicole's overview of the other economic proposals in the Big Beautiful Bill, listen here.

Transcript

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0:00.0	Okay, money rehabbers, I want to hook you up with some swag.
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0:21.1	an EBIDA sweatshirt. That's EBIDA, duh, duh. The ones you get it, get it. In order to be
0:27.0	entered to win, it is super duper easy, no purchase necessary. Here's how it works. Step one,
0:31.5	rate and review the show wherever you're listening. And please be specific. I really want to hear what you like so I can do more of that. Step two, take a screenshot of your review.
0:39.1	And step three, email that screenshot to hello at moneynewsnetwork.com with giveaway in the subject line.
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0:51.7	That's where I'll be announcing the winners. And this is my little way of
0:54.5	saying thank you for listening, sharing, and being part of the money rehab community. You truly
0:59.0	make this show what it is, and I so appreciate you. And good luck. This giveaway is open to
1:04.3	U.S. residents 18 and older. Voidware prohibited one entry per person. Entries must be received by July 1st,
1:10.2	2025. I'm Nicole Lapin, the only financial prohibited one entry per person. Entries must be received by July 1st, 2025.
1:18.6	I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand. It's time for some money rehab.
1:31.8	This is a major, major week for Trump's big, beautiful bill. Of course, the president's collection of economic policy that he is trying to smush into
1:36.2	one gigantic catch-all bill.
	...

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