Meet a 38-year-old father who’d rather save $1,000 himself than open a Trump account for his daughter | Fortune

A growing number of parents, including 38-year-old Israel Anthem, are declining to open "Trump accounts" for their children despite a $1,000 federal contribution, according to Fortune. Anthem said he would rather deposit $1,000 of his own money than open the government-backed account for his daughter. The accounts, a signature Trump administration personal-finance initiative, offer the federal seed money to parents of newborns. The reluctance highlights a political dimension to the program's adoption, suggesting uptake may hinge on factors beyond the financial incentive. Watch for participation data and any changes to the program's terms.