Trump Accounts debut July 4, but experts say they may only indirectly narrow women’s retirement savings gap

Trump Accounts, slated to launch July 4, are designed to help children start investing early, but experts say they are unlikely to directly close the retirement savings gap women face. Women typically have lower retirement account balances than men, a difference tied to lower average pay and more time spent out of the workforce for caregiving. One economist said the accounts could still offer an indirect benefit if children’s own assets reduce the pressure on mothers to dip into their retirement savings during family emergencies.