Melania Trump introduced a new financial program called Fostering the Future Accounts. These are the first savings and investment accounts specifically for children in the foster care system.
The goal of these accounts is to help foster youth become financially independent when they grow up. The Treasury Department helped create the program to give these young people a way to build long term stability.
Currently, 23 governors have committed to bringing these accounts to their states. This means thousands of children across the country could soon have a new way to save and invest money for their adulthood.
The White House also celebrated the winners of the first Presidential AI Challenge. Six teams of students were honored for their work in artificial intelligence, which is a growing field in technology and science.
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Document Type
White House Statement
Official Title
First Lady Melania Trump’s Remarkable Week Empowering Youth through AI Challenge and Fostering the Future Accounts
