No, but the government should create personal savings account for every child when they are born in which, who ever is in charge of the child, has a portion of their money taken out of their weekly income and deposited into the account until the child turns 23. If the child gets a job under the age of 23 a portion of their weekly income will be deposited along with their parents portion. If a child enters college before they turn 23 they can defer payments from the school to the savings account. If the child's guardian does not have a job, the weekly payment will be deferred to a family member that has one unless they are a stay at home parent. Once the child turns 23 they can use that money for college, to start a business, pay for trade school, or for whatever they want.
Be the first to reply to this answer.
Join in on more popular conversations.