Why Trump Accounts May Worsen Inequality

While Americans are saving less and carrying large amounts of student-loan and credit-card debt, Trump Accounts are offering a new savings program for families to start wealth-building earlier. But the growing menu of plans from 529s and Roth IRAs to Trump Accounts and state programs also creates new complexity. Tax treatment, withdrawal rules and whether families can afford to keep contributing may ultimately determine who benefits most from the power of compounding.