{"id":2613409,"date":"2026-06-11T13:04:02","date_gmt":"2026-06-11T17:04:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/melania-trump-touts-savings-accounts-for-foster-kids-in-latest-affordability-push\/"},"modified":"2026-06-11T13:04:02","modified_gmt":"2026-06-11T17:04:02","slug":"melania-trump-touts-savings-accounts-for-foster-kids-in-latest-affordability-push","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/melania-trump-touts-savings-accounts-for-foster-kids-in-latest-affordability-push\/","title":{"rendered":"Melania Trump touts savings accounts for foster kids in latest affordability push"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmelania-trump-touts-savings-accounts-for-foster-kids-in-latest-affordability-push%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2613409&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">First lady <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/melania-trump\/\" type=\"post_tag\" id=\"696\">Melania Trump<\/a> touted the launch of a \u201cFostering the Future\u201d savings account initiative with Treasury Secretary <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/scott-bessent\/\" type=\"post_tag\" id=\"11700\">Scott Bessent<\/a> on Thursday morning.<\/p>\n<p class=\"wp-block-paragraph\">The accounts are the latest tactic from the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" type=\"post_tag\" id=\"4\">Trump<\/a> administration to tackle the affordability crisis, an issue that has dominated this year\u2019s midterm elections, and builds on the GOP tax law Republicans passed through Congress last year.<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4604650\/vances-chief-staff-exit-summer-end\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Vance\u2019s chief of staff to exit by summer\u2019s end<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4604459\/trump-iran-kharg-island-take-oil-fields\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Trump doubts voters have \u2018stomach\u2019 for US taking over Iran oil fields<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4604263\/road-closure-dc-traffic-ufc-fight-white-house\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Road closures in DC expected to snarl traffic ahead of UFC fight: What to know<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">\u201cFor the first time, children in foster care will have access to a dedicated savings and investment vehicle, Fostering the Future accounts,\u201d Melania Trump said while speaking at the Treasury Department. \u201cFostering the Future accounts give foster children the same chance for asset ownership and long-term wealth building as every other American child. By investing in our foster youth now, we help strengthen America\u2019s workforce, communities, and economic future.\u201d<\/p>\n<div class=\"wex-ad-wrap\" style=\"min-height:5px;\"><span class=\"wex-ad-label\" style=\"display:none;\">Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">Nearly two dozen governors have pledged to set up accounts in their states, including Gov. Brad Little (R-ID), who attended the event. Both President Donald Trump and Bessent pushed for all 50 states to take part in the Fostering the Future program.<\/p>\n<p class=\"wp-block-paragraph\">The accounts are part of the first lady\u2019s emphasis on the more than 400,000 children estimated to be in foster care and fall under a larger \u201cFostering the Future\u201d initiative. One benefit of the savings account, she said, is that foster youths will have access to them as they enter adulthood at the age of 18.<\/p>\n<p class=\"wp-block-paragraph\">\u201cThis will give them a foundation for independence and opportunity. For fostering the future, youth empowerment comes through ownership,\u201d Melania Trump said.<\/p>\n<div class=\"wex-ad-wrap\" style=\"min-height:5px;\"><span class=\"wex-ad-label\" style=\"display:none;\">Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Bessent praised the first lady for her focus on children. According to Bessent, one in five foster youths will become homeless after aging out of the system, and only half will obtain gainful employment by the time they turn 24.<\/p>\n<p class=\"wp-block-paragraph\">\u201cWe at Treasury are grateful that Mrs. Trump has given generously of her leadership to the most important benefit for young people since the GI Bill,\u201d said Bessent. \u201cThrough the leadership of first lady Melania Trump and her Fostering the Future initiative, children and youth in foster care now have a pathway to benefit from Trump accounts.\u201d<\/p>\n<p class=\"wp-block-paragraph\">The Trump Accounts were created last year through the passage of the One Big Beautiful Bill Act last year.<\/p>\n<div class=\"wex-ad-wrap\" style=\"min-height:5px;\"><span class=\"wex-ad-label\" style=\"display:none;\">Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<p class=\"wp-block-paragraph\"><strong><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4586167\/what-to-know-trump-accounts-new-app\/\">WHAT TO KNOW ABOUT TRUMP ACCOUNTS AS TREASURY ROLLS OUT NEW APP<\/a><\/strong><\/p>\n<p class=\"wp-block-paragraph\">The accounts are tax-deferred investment savings accounts available to any child under 18 with a Social Security number. Every eligible child born between January 2025 and December 2028 will receive a $1,000 contribution from the Treasury. The funds cannot be tapped until age 18, however. Parents, grandparents, and others can contribute up to $5,000 a year up until the year before the child turns 18.<\/p>\n<p class=\"wp-block-paragraph\">\u201cAs we began to develop Trump Accounts, the first lady emphasized that foster youth face difficulties that few others do,\u201d said Bessent. \u201cShe noted that it is not enough for this program to function seamlessly for some, that the children who stand to benefit most from the Trump Accounts must not encounter any barriers in accessing them. So, today, because of the first lady\u2019s leadership, we are embedding foster youth into the fabric of this program from the outset.\u201d<\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>First lady Melania Trump touted the launch of a \u201cFostering the Future\u201d savings account initiative with Treasury Secretary Scott Bessent on Thursday morning. The accounts are the latest tactic from the Trump administration to tackle the affordability crisis, an issue that has dominated this year\u2019s midterm elections, and builds on the GOP tax law Republicans<\/p>\n","protected":false},"author":2658,"featured_media":2613410,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/06\/AP26160593786987.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2613409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/06\/AP26160593786987.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2613409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2658"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2613409"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2613409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2613410"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2613409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2613409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2613409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}