Why Treasury wants Americans to save, not spend, Trump's $2,000 checks
Briefly

Why Treasury wants Americans to save, not spend, Trump's $2,000 checks
""Maybe we could persuade Americans to save that, because one of the things that's going to happen next year""
""Trump accounts""
""big, beautiful bill""
A plan calls for $2,000 stimulus checks to begin in mid‑2026 but requires legislation to authorize the payments. Projected cost estimates approach $450 billion, with models showing a modest inflation increase under 0.1 percentage point. Rising prices remain a major consumer concern, prompting suggestions to encourage saving to reduce stimulus-driven spending. A new class of "Trump accounts" would be created for children born 2025–2028, seeded with $1,000 from the U.S. Treasury and allowing parents to contribute up to $5,000 annually. Historical evidence shows CARES Act payments were split between spending, debt repayment, and saving, and later payments were largely spent or used to pay down debt. No bill has been proposed and eligibility details remain unclear.
Read at Axios
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