New Government Savings Accounts for Babies Hit 6 Million Sign-Ups in Weeks

The government is giving $1,000 savings accounts to babies born from 2025 to 2028. Over six million families enrolled since July 4. Major banks and billionaires are adding their own money—Bank of America and others will boost employee families' accounts, while the Dell family is putting $6.25 billion toward giving extra money to 25 million low-income kids. Whether this actually builds wealth depends on whether people use it.