S. 3716, known as the “401Kids Savings Account Act of 2024,” aims to help children in the United States start savings accounts for their future. The bill proposes creating programs to establish savings accounts for every eligible child, allowing family members and the...
Simple Explanation
The 401Kids Savings Account Act of 2024 is about helping kids save money for their future by having special savings accounts where family and the government can add money that grows over time, and when they're 18, they can use it for things like school or buying a house.