Job worries are rising - here’s what to do for your kids
What’s happening
Americans are feeling more anxious about jobs and pay. In September, the New York Fed’s Survey of Consumer Expectations found the chance that unemployment will be higher a year from now rose to 41.1%, the chance of losing one’s job increased to 14.9%, and expected earnings growth slipped to 2.4%—its lowest level since April 2021 (data from September 2025).
Coverage from Reuters and Barron’s echoed the same trend—more concern about the labor market and inflation as families tighten budgets.
Why it matters for your family
When job news turns uncertain, it’s tempting to freeze. But your child’s future doesn’t have to wait for the economy to calm down. A small, steady monthly habit - even $25 a month - can help you build long-term security for your child. The key is consistency, not perfection. You can always pause or adjust the amount if your income changes.
Tiny move today (5 minutes)
- Open a UNest UTMA - a custodial account for your child.
- Automate $25/month. Pick a date that fits your budget.
- Share your UNest gift link with one relative or friend who loves giving meaningful gifts.
Small deposits matter more than perfect timing. Over time, those little contributions can grow into real options for your child’s future.
Open a UNest UTMA and automate a simple monthly contribution today.
What a UTMA covers (and how it differs from a 529)
- UTMA: A custodial account for a minor. Funds must benefit your child and can be used for more than college - think laptops, braces, sports fees, or summer camps. Assets generally transfer to your child at your state’s age of majority. Gifts are irrevocable.
- 529 plan: Built for education-related costs with tax advantages if used for qualified schooling expenses. State rules vary, so it’s wise to compare both options for your goals.
Simple guardrails (we keep it real)
- There are no guarantees - investments can lose value.
- This post is educational, not investment, legal, or tax advice.
Don't just take our word for it
Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
There are some tax advantages to using UGMA and UTMA accounts… Since they’re in your child’s name, the accounts will be taxed according to their tax bracket… There are no contribution limits on UGMA and UTMA accounts.
Dave Ramsey
Personal Finance Expert
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Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
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...you could consider opening an account where you can dive deeper with the kids by your side. The easiest way to do so is to open a custodial account, known as an UGMA ... or UTMA ... account.
Jill Schlesinger
Emmy winning Business Analyst
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Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
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You can give children money that can accumulate somewhat tax-free over time... I love them (UTMAs) because they were like, trusts that you didn't need lawyers to create.... I think it's one of the better tax breaks around though. I know hunting for tax breaks may not sound very exciting, but that's how you take care of your family.
Jim Cramer
CNBC Host
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Give children money that can accumulate over time
Jim Cramer
CNBC Host
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