{
  "id": 17584360,
  "title": "Meet a 38-year-old father rejecting a Trump account for his daughter: ‘I’ll put $1,000 of my own money in an account before I do that’",
  "url": "https://urgent.news/2026/11/01/meet-a-38-year-old-father-rejecting-a-trump-account-for-his-daughter",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-01T10:00:00.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/11/01/trump-accounts-parents-reject-free-money/"
  },
  "original_language": "en",
  "account": "Nashville father Israel Anthem, 38, is refusing to set up a Trump account for his 14-month-old daughter. Anthem told Fortune he'll put his own money into an account before creating one for her. Nearly 70 million Trump accounts have been created, and over $8 billion has been deposited, according to a Treasury official. However, parents must claim and manage these accounts to receive the $1,000 federal contribution for eligible children. Anthem is one of more than 6.5 million families who have signed up, including over 1.5 million children eligible for the $1,000. Employers are also contributing to the program, with over 50 companies committing to match the $1,000. Anthem's main concern is the Trump name attached to the account, as he doesn't want his daughter's name associated with the president. The program is intended to provide children with a financial cushion before they have their own income. Created under Trump's 2025 tax-and-spending law, Trump accounts offer a one-time $1,000 federal contribution to eligible children born between 2025 and 2028. Parents, relatives, and employers can add more money, generally up to a combined annual limit of $5,000 during childhood. The funds are invested in low-cost stock index funds, with returns not guaranteed. Withdrawals are restricted until the child turns 18, when traditional IRA rules apply. Anthem understands the financial benefits but opposes the program due to its political association.",
  "summary": "“When money is psychologically tainted, we often avoid it,” University of Michigan professor Scott Rick told Fortune.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}