NASHVILLE, Tenn. (WTVF) — The federal government is preparing to launch a new savings program that could provide a significant financial boost for American families.

The “Trump Accounts,” set to begin in July, will give virtually every child born during the years 2025 through 2028 a $1,000 investment to start building wealth from birth.

Click here for information on who qualifies to receive the $1,000 deposit and how it will work.

The accounts are designed to help families save for major life expenses like education, home purchases or starting a business.

"Time is one of the biggest assets you can have to let money grow and compound," said Carson Odom, a wealth advisor, CPA and CFP with Adams Wealth Partners in Nashville.

The power of compound growth over decades could transform tha

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