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American Airlines announces Trump Accounts matching program
CNBC • • business
Key Points:
- American Airlines announced it will match the federal $1,000 contribution to Trump Accounts for their employees' children with an additional one-time $1,000 contribution.
- Approximately 1.4 million children have been signed up for Trump Accounts, and thousands of American Airlines workers' children could be eligible for the employer match.
- Trump Accounts, available for U.S. children under 18 born between 2025 and 2028, receive a $1,000 initial deposit from the Treasury and allow additional contributions up to $5,000 annually.
- Starting in 2027, American Airlines will offer eligible employees the option to contribute up to $2,500 of pretax earnings annually to Trump Accounts through paycheck deductions.
- Over 50 companies, including Goldman Sachs and Morgan Stanley, have committed to matching the government's $1,000 seed contribution, with Treasury Secretary Scott Bessent praising this corporate support.
