Mmastodon BusinessFinance first seen 3 h ago, last 2 h ago, peak #3
Cruz criticized for framing 'Trump Accounts' as safe investments
Original: /3 # Cruz acted like the "Trump Accounts" are bank accounts drawing high interest where if the kids keep investing, they
US Senator Ted Cruz is being criticized for describing the new 'Trump Accounts' as if they were bank accounts earning high interest, suggesting children who keep investing will build wealth over time. Critics say he downplayed stock market risk and wrongly claimed kids now 'own' a part of major American companies.
Why now: A senator's public pitch for the new investment accounts is drawing accusations of misleading claims about risk and ownership.
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