President Donald Trump said his new Trump Accounts initiative will provide every American child born after Jan. 1, 2025, with a government-seeded investment account aimed at long-term financial security and upward mobility.
By yourNEWS Media Newsroom
President Donald Trump on Wednesday unveiled details of his new “Trump Accounts” initiative, describing it as a landmark effort to give American children a direct financial stake in the nation’s future and what he called a fair shot at the American dream.
Speaking at a U.S. Treasury event attended by lawmakers, business leaders, and celebrities, Trump said the program will automatically create a tax-free investment account for every American child born after Jan. 1, 2025, seeded with federal funds and designed to grow over time through both public and private contributions.
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“Under this program, the U.S. Government will automatically create a tax-free investment account for every newborn American child,” Trump said. “We’ll fund those personal accounts with a contribution of $1,000, which will compound and grow over the course of their lives and could grow into very, very substantial numbers.”
Under the plan, each eligible child will receive a $1,000 government-funded investment account. Parents will be able to activate and manage the accounts beginning July 4 through a dedicated federal portal. The accounts are structured to grow over time and can be supplemented by contributions from families, employers, philanthropists, corporations, and other private sources.
Trump said the program allows broad participation beyond the initial federal contribution.
“Parents, employers, churches, states, and loved ones will also be able to add up to $5,000 in additional money for those accounts,” he said.
The president projected that even modest additional contributions could significantly increase the value of the accounts by the time beneficiaries reach adulthood.
“With every modest contribution, Trump accounts should reach at least $50,000 in value by the time the child turns 18, and could be very substantially more than that,” Trump said. “With slightly greater contributions, the typical account will grow to $100,000, $200,000, and can even grow up to past $300,000 per child.”
Trump framed the initiative as a long-term policy legacy, contrasting it with what he described as the fiscal inheritance left by previous administrations.
“That’s why, decades from now, I believe the Trump Accounts will be remembered as one of the most transformative policy innovations of all time,” he said. “Every president in modern history has left our children with nothing but debt. But under this administration, we’re going to leave every child with real assets and a shot at financial freedom.”
The president highlighted significant private-sector backing for the program, singling out a major donation tied to the nation’s upcoming 250th anniversary.
“I want to express my tremendous gratitude to a very special couple who believe so strongly in this vision, right from the beginning, that they personally donated $6.25 billion,” Trump said. “That’s Michael and Susan Dell.”
Trump said the donation will expand the program to cover millions more children.
“Michael and Susan made this donation in recognition of America’s 250th anniversary,” he said, adding that it would “fund Trump Accounts for an additional 25 million children aged ten and under.”
Calling the contribution historic, Trump said, “This is perhaps the largest, one of the largest certainly, but perhaps the largest private donation of all time. There’s no better way to honor America’s history than to invest in America’s future.”
Trump also said private individuals in all 50 states have committed to additional contributions. He cited hedge fund founder Ray Dalio, who pledged to fund accounts for children in Connecticut, and investor Brad Gerstner, who committed $250 for every child under age five in Indiana, along with tens of millions of dollars in matching contributions nationwide.
During his remarks, Trump acknowledged several attendees, including Sens. Ted Cruz and Marsha Blackburn, as well as entertainer Nicki Minaj. He also praised Treasury Secretary Scott Bessent, saying Bessent supported the concept early and believed the accounts could grow into “hundreds of thousands of dollars” for children by adulthood.
Trump said the accounts may not be limited strictly to use at age 18, suggesting they could potentially remain invested longer, such as until age 21.
The president credited recently enacted legislation with making the program possible, saying it helped clear the path for approval by simplifying the concept and broadening its appeal.
Trump also used the event to highlight recent economic indicators, saying the S&P 500 reached 7,000 for the first time and that the stock market has posted 52 record highs since the election. He said those gains added trillions of dollars in market value and pointed to what he described as a surge in new investment and manufacturing activity in the United States.