Mmastodon BusinessFinance first seen 15 h ago, last 13 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.

Ted CruzTrump Accounts

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Evidence

• /3 # Cruz acted like the "Trump Accounts" are bank accounts drawing high interest where if the kids keep investing, they will get more over time (ignoring risk of stock market investing) and lied and said that kids should know they now "own" a part of big American companies… · dalfen@mstdn.social · 6

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