Trump Accounts may help foster children build a financial safety net. What to know

Trump Accounts for foster children are savings accounts established under a program to help young people in state care build financial resources. Advocates have indicated the accounts could serve as a financial resource for foster youth if certain conditions are met, including ensuring account holders can access funds when needed and that the accounts offer flexibility in how money can be used. The accounts are intended to provide funds to foster youth upon leaving state care at age 18 or 21, depending on the state.

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