The Trump White House updated its projections of how much children could earn from the newly launched Trump Accounts after criticism that its earlier calculations were nonsensical.
Following the accounts’ launch on Wednesday, the Trump Accounts website showed that investing $0 per year will result in a potential Trump Account recipient receiving $200,000 by age 55.
Yet, according to the Trump administration’s calculations, investing $250 per year over the same period would have left the recipient with just $192,000, less than if they had invested the money, the Daily Beast originally reported.
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