United States First Lady Melania Trump and US Treasury Secretary Scott Bessent on Thursday launched the Fostering the Future accounts, an investment tool designed for youth in foster care.
The accounts are a part of the First Lady's Fostering the Future agenda, aimed at aiding children in the foster care community. The initiative is also part of President Donald Trump's "Trump Accounts," the investment tool for children under 18 with $1,000 seeded per account.
"For the first time, children in foster care will have access to a dedicated savings and investment vehicle... Fostering the Future Accounts gives foster children the same chance for asset ownership and long-term wealth building as any other American child," Melania Trump said.
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