Can Trump Accounts help close the wealth gap? Here's what experts say stands in the way

Trump Accounts have the potential to build long-term financial security for millions of U.S. children; however, some experts say they may not do much to reduce the wealth gap over time. The tax-deferred investing accounts, which will launch on July 4, include a one-time $1,000 deposit from the U.S. Department of the Treasury for kids born between 2025 and 2028. Other funds may also be available for qualifying families. The money in Trump Accounts will be invested in U.S. stock funds, with a goal of kick-starting wealth-building opportunities from a very young age. "All the money that goes into these accounts will be invested in the best 500 companies in America. They will be direct shareholders," Altimeter Capital CEO Brad Gerstner, who helped spearhead the Trump administration's new savings initiative , said in a May 28 interview on CNBC's "Halftime Report." "We're going to get all the people who have felt left out and left behind," Gerstner said.