The government has a new policy to help families with babies. This plan is for the youngest U.S. citizens. The idea is to give them a financial head start from the day they are born.
Each baby that qualifies will get $1,000. This money will be put into a special savings account for the child. The family does not have to do anything to get this money; it is part of the new law.
This program is for babies born between this year and 2028. Because the money is invested so early, it has many years to increase. The hope is that it will become a much larger amount by the time the child becomes an adult.
The main goal of this policy is long-term growth. It provides a foundation for the child's future. They could use this money for education, to buy a house, or for other important life events.