WASHINGTON—President Donald Trump on Jan. 28 highlighted the upcoming launch of Trump Accounts, a new initiative that sets up investment accounts for children, included in the One Big Beautiful Bill Act.
During a summit hosted by the Treasury Department in Washington, Trump described the initiative as “one of the most transformative policy innovations of all time.”
“Over the next 15 years, we’re going to put $3 [trillion] to $4 trillion of wealth into the hands of young Americans,” Trump said.
“Even, really, people that truly hate me are making this investment,” he joked.
Children and parents were among the attendees.
How the Program Works
The program provides every person under the age of 18 with a Social Security number access to a federally managed savings and investment account, which families can activate starting July 4, 2026.
Children born between Jan. 1, 2025, and Dec. 21, 2028, will receive a $1,000 seed contribution from the U.S. Treasury at birth. Families and community members may contribute up to $5,000 per year to each account.
Each Trump Account will be in the child’s name, and parents or legal guardians will be responsible for the account until the child turns 18.
Employers may contribute up to $2,500 per year to an employee’s child. Employers may also allow payroll deductions for employees to contribute to their children’s accounts. All contributions are tax-deductible.
Nonprofit organizations, states, and local governments can also contribute to Trump Accounts.
The program begins on July 4, 2026, the 250th anniversary of American independence.
Trump Accounts will be available at TrumpAccounts.gov. These accounts will be created for U.S. citizens only, and parents will not be required to set up an account before a child’s birth.
‘Down Payment on the American Dream’
Speaking at the event, Treasury Secretary Scott Bessent described the initiative as “a generational down payment on the American dream.”
“Since this historic program was first announced, we have seen a tsunami of support from philanthropists, companies, charitable organizations, and everyday Americans,” Bessent said.
He noted that nearly 600,000 American families have already elected to open a Trump Account for their children.
“At their core, Trump Accounts represent the triumph of capitalism over socialism,” Bessent said.
Speaking at the event, White House press secretary Karoline Leavitt said that if parents make maximum contributions to a child’s Trump Account, “the projected value will be nearly $1.1 million by the time they are 28 years old.”
In December 2025, billionaires Michael and Susan Dell announced they would donate $6.25 billion to support Trump Accounts to benefit roughly 25 million children born before 2025. The gift would put $250 into each eligible child’s account.
Parents who want to take advantage of the program can visit TrumpAccounts.gov to ensure they complete the necessary steps to sign up eligible children aged 10 and under.
Entrepreneur and investor Kevin O’Leary, a key supporter of the program, also attended the event.
“I thought, when I heard about this idea about seven months ago, it was brilliant, because I knew it’d be bipartisan,” O’Leary told The Epoch Times.
“I knew it would support the challenges that Social Security has. And what it does is create financial independence, individual independence, which is what democracy is all about.”
O’Leary said the accounts will invest in the U.S. stock market, which has shown over the past 200 years that it can deliver returns of 8 percent to 10 percent.
During the summit, Trump also celebrated the surge in stocks as the S&P 500 reached the 7,000 mark for the first time in history on Jan. 28.
He said the market had set “52 all-time high records” since his election in 2024.
Rebekah Lichtwerch, Palm Beach County chair for conservative grassroots organization Moms for America, said the Trump Accounts will help families improve their financial literacy.
“I don’t think we fully understand how monumental this is,” she told The Epoch Times.
Companies Support Trump Accounts
Bank of America and JPMorgan Chase said on Jan. 28 they would match the U.S. government’s one-time $1,000 contribution to children’s savings accounts for eligible employees.
“We applaud that the federal government is providing innovative solutions for employees and families to plan for their future, and we welcome the opportunity to participate,” Bank of America said in an internal memo viewed by The Epoch Times.
Trump, during his speech, praised companies contributing to the initiative.
“This morning, I’m also pleased to announce that Visa is creating a brand new platform which will allow credit card holders to deposit their cash awards directly into Trump Accounts,” Trump said. “That’s a big deal. Thank you very much.”
Among the attendees was rapper Nicki Minaj, who joined Trump on stage. Minaj announced earlier that she would contribute between $150,000 and $300,000 to fund her fans’ Trump Accounts.
Speaking at the event, Brad Gerstner, founder of Invest America, said the Trump Accounts will be an antidote to socialism.
“The antidote to socialism is more capitalism,” Gerstner said.
Savannah Hulsey Pointer and Andrew Moran contributed to this report.
Correction: A previous version of this article misstated the last name of Rebekah Lichtwerch, Palm Beach County chair for Moms for America. The Epoch Times regrets the error.
Friends Read Free
Copy
Facebook
Tweet
