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’
Source: Fortune ·
“When money is psychologically tainted, we often avoid it,” University of Michigan professor Scott Rick told Fortune.
From the source
Israel Anthem doesn’t want a Trump account for his 14-month-old daughter. “I’m not setting up one for my daughter,” the 38-year-old Nashville father told Fortune. “I’ll put $1,000 of my own money in an account before I do that.” Nearly 70 million Trump accounts have been created through automatic enrollment, White House spokesman Matthew Middleton told Fortune, and more than $8 billion has already been deposited nationwide, according to a Treasury official. But parents still need to claim those accounts to manage them and request the $1,000 federal contribution for an eligible child. As of July, Treasury data showed more than 6.5 million families had signed up, including more than 1.5 million children eligible for the $1,000. Employers have money riding on that step, too. By August, more than 50 companies had committed to contributing to Trump accounts for employees’ children, according to the Treasury Department, with employers including Bank of America, BlackRock, and Charles…