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Currently Playing: Will ‘Trump Accounts’ make U.S. kids $1 million by age 28? | About That

American babies born during U.S. President Donald Trump's second term are set to receive $1,000: a gift of seed money that the government says — if contributed to maximally — will yield a return of more than $1 million by the time those children turn 28. Andrew Chang does the math to calculate the extent to which this could actually be possible and fact-checks the claim that Trump Accounts will 'jumpstart the American dream.' 1:21 - How ‘Trump Accounts’ work 3:28 - How to become a millionaire 8:42 - Opportunity costs Images provided by The Canadian Press, Reuters and Getty Images »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS For breaking news, video, audio and in-depth coverage: https://www.cbc.ca/news Follow CBC News on TikTok: https://www.tiktok.com/@cbcnews Subscribe to CBC News on Snapchat: https://bit.ly/3leaWsr Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.