10 States That Will Benefit the Least From Trump Accounts
Trump Accounts will put money in the bank for many of the youngest Americans. However, some states will be able to cash in on this benefit much more than others.
Part of the Working Families Tax Cuts section of the One, Big, Beautiful Bill Act, Trump Accounts give free money to babies.
Little ones born between Jan. 1, 2025, and Dec. 31, 2028 — United States citizens with valid Social Security numbers — are eligible to receive a $1,000 contribution in a new type of retirement account, known as Trump Accounts.
Read More: In a Recession, These 6 Types of People Are Financially Safest
Stay Alert: 5 Signs You’re Losing Money Every Month — and How To Find the Leaks
Since Trump Accounts are available only to babies, states with lower birth rates won't be able to maximize this benefit. For example, as of 2024, older adults outnumber children in 11 states, according to the U.S. Census Bureau.
A recent SmartAsset study revealed which states are expected to have the most — and least — children in the coming years. Given this data, it is reasonable to assume the following 10 states will benefit the least from Trump Accounts.
Delaware
Projected babies born per year: 8,212
Older adults outnumber children in Delaware, according to Census data. A substantial difference, 21.8% of residents are ages 65 and up, compared with just 5.2% under five years old.
Montana
Projected babies born per year: 8,862
In Montana, there are more than four times as many senior citizens as young children. Specifically, 21% of the population is at least 65 years old, while only 5% is under five years of age, according to Census data.
Hawaii
Projected babies born per year: 11,216
More than one-fifth, 21.5%, of the Hawaii population is 65 years old and up, according to Census data. Comparatively, just 5.3% of residents are under five years old.
Florida
Projected babies born per year: 180,880
Only 4.9% of Florida's population is under five years old, according to Census data. On the other hand, 21.8% of residents are at least 65 years of age.
New Hampshire
Projected babies born per year: 10,856
Only 4.4% of New Hampshire residents are under five years old, according to Census data. However, 21.5% of the population is 65 years old and up.
South Dakota
Projected babies born per year: 7,080
Nearly one-fifth, 18.8%, of the South Dakota population is at least 65 years old, according to Census data. Notably less, only 6.2% of residents are under five years old.
Wyoming
Projected babies born per year: 4,491
In Wyoming, 5.2% of residents are five years old and younger, according to Census data. Nearly four times as many -- 19.7% -- citizens are 65 years old and up.
West Virginia
Projected babies born per year: 13,400
The 65 years old and over crowd makes up 21.9% of the West Virginia population, according to Census data. In comparison, those five years old and under only comprise 4.9% of residents.
Vermont
Projected babies born per year: 4,884
The Vermont populace includes 22.8% of people 65 years and up, according to Census data. As for kids, only 4.1% of residents are five years old and under.
Maine
Projected babies born per year: 10,436
In Maine, there are nearly six times as many senior citizens as young children. Specifically, 23.5% of the population is at least 65 years old, while only 4.3% are under five years old.
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
More From MoneyLion:
