US Treasury Secretary Scott Bessent unveiled a new website detailing Trump Accounts, a proposed pro-family financial initiative aimed at building long-term wealth for America’s children through government-backed, tax-advantaged investment accounts.
Set to launch on July 4, 2026, the program is aimed at US citizens under the age of 18 and promises a government-funded jumpstart on savings and investments.
$1,000 seed money for eligible children
Under the plan, every American child born between January 1, 2025 and December 31, 2028 would receive $1,000 from the U.S. Treasury Department deposited at birth into Trump’s account. No initial contribution from parents is required.
“These accounts are about building a financial foundation right from the start,” the website says, describing the initiative as a way to give kids a “big jump in life.”
How accounts work
Each Trump Account is held solely in the child’s name, with parents or guardians acting as sole custodians until the child reaches 18 years of age. While contributions are optional, families can contribute up to $5,000 per year to support long-term growth.
Funds in the account are automatically invested in US companies, and users can track holdings and performance through a dedicated app.
Long-term growth projections
The website highlights potential growth scenarios over an 18-year period:
-$0 annual contribution: approximately $5,800
-$250 per year: approximately $20,700
-$5,000 per year: approximately $303,800
These projections are meant to show the compounding effect of long-term investing, even with modest annual contributions.
Access from 18 years with tax benefits
Once the child turns 18, the Trump account becomes fully theirs. They can choose to continue investing or withdraw funds for expenses such as education or a home while retaining the tax benefits similar to a traditional IRA, the website says.
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Corporate and philanthropic support
The initiative features support from major corporations and philanthropists, including Block, Uber, BNY, Charter, BlackRock, MasterCard, Visa and donors Michael and Susan Dell and Ray and Barbara Dali, with more supporters expected to join.
“Pro-Family Initiative”
The website frames Trump Accounts as a pro-family, pro-growth policy, saying it will help millions of Americans benefit from the strength of the US economy while directly investing in the next generation.
“This is a pro-family initiative that will help millions of Americans use the power of our economy to lift up the next generation,” the website says.
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