CENTER ON BUDGET AND POLICY PRIORITIES: Outdated SSI Asset Limits Pose Real Problem for Children With Disabilities Hoping to Benefit From Trump Accounts
Starting this month, families can open Trump Accounts for babies born between 2025 and 2028, which include a $1,000 federal contribution. However, once these children reach adulthood, the money saved in these accounts will count against the Supplemental Security Income (SSI) program's strict $2,000 asset limit. Because SSI asset limits have been frozen for nearly 40 years without adjusting for inflation, the growth of these accounts threatens to disqualify low-income disabled young adults from essential SSI benefits and Medicaid coverage unless they transfer the funds into ABLE accounts by age 17 or Congress raises the limits.
