“Those are some crazy numbers.” An old friend had messaged me, and that line caught my attention. As it turned out, he had 36 trillion numbers in mind: the national debt, in other words. That is a pretty striking figure, and it’s fair to ask how the country’s debt could go from a trillion dollars back in 1981 to 36 times that today. “Very irresponsible, imo,” my friend wrote. This sounds like a reasonable response, and many people think this way. But the problem here, from an investment perspective, is that most people look at the debt on its own,…

The Trump Account proposal is viewed by supporters as a gift for a good start in life: The federal government will provide a one-time payment of $1,000 to each child born in the U.S. According to the White House statement, these accounts “will afford a generation of children the chance to experience the miracle of compounded growth and set them on a course for prosperity from the very beginning.” The question before us is whether the Trump Accounts can reduce the wealth gap and increase the chances of individual economic success. Through a Latino lens, the details matter. The Trump…