Trump Accounts: Investing in the Future of American Families
Washington, D.C. – A summit was held this week in Washington, D.C., focusing on the launch of the Trump Accounts program. This initiative, championed by the U.S. Department of the Treasury, aims to give American children a stronger start in life through tax-advantaged savings and investment accounts.
The program offers a one-time $1,000 government deposit for eligible U.S. citizen children born between January 1, 2025, and December 31, 2028, as part of a pilot program.
Treasury Secretary Scott Bessent emphasized the importance of the program, stating, “Trump Accounts are included in President Trump’s Working Families Tax Cuts – giving the future of America a stake in America.”
These accounts will allow parents, guardians, or custodians to establish a new type of individual retirement account for their children, in addition to the pilot program, parents can contribute up to $5,000/year, and employers up to $2,500/year.
To access these funds, families must open a Trump Account by submitting IRS Form 4547 with their tax returns. The money must be invested in a fund that tracks the broad stock market, and withdrawals are restricted until the child turns 18. This encourages responsible long-term saving and investment habits from an early age.
The administration estimates that an account opened in 2026 with the initial $1,000 contribution could grow to $5,800 by the time the child reaches 18. If a family contributes the maximum annual amount of $5,000, the account could reach an impressive $303,800 by the child’s 18th birthday. The program has seen significant early interest, with over 500,000 families reportedly signing up already, and more partnerships and donations are anticipated.
President Trump highlighted the focus on American families by inviting them and their newborns on stage, demonstrating that the Trump Accounts program is designed for everyday families, not just Wall Street elites. This act underscored his dedication to giving every child a $1,000 “birthright” to help them achieve their American Dream, turning them into stakeholders in the nation’s future prosperity.
Several major U.S. corporations have also pledged to support the program by matching the government’s initial $1,000 contribution for eligible employees’ children, including Charles Schwab, Robinhood, SoFi, Charter Communications, Uber, and BNY.
The program’s reach has continued to expand, with JPMorgan Chase, Bank of America, and others joining as corporate partners.
Last year, Dell Technologies Founder and CEO Michael Dell and his wife Susan pledged $6.25 billion to seed savings accounts for up to 25 million American children. This initiative offers a $250 deposit for every child aged 10 or younger living in a ZIP code with a median income below $150,000.
The summit featured a number of prominent Republican speakers and Trump administration officials, including Senator Ted Cruz (R-Texas) and Treasury Secretary Scott Bessent, as well as Michael Dell, SoFi CEO Anthony Noto, investor Kevin O’Leary, and actress Cheryl Hines.
Kevin O’Leary focused his remarks on the power of compound growth and the importance of financial literacy for the next generation. He emphasized the summit’s goal of instilling financial responsibility in youth, noting that these accounts provide a “hands-on education” in investing that classroom curriculums often lack.
He also supported the administration’s vision of turning “every American into a shareholder,” arguing that having a material stake in the stock market allows all citizens to benefit from national economic growth and technological gains.
O’Leary further highlighted how the initial $1,000 federal “seed” money, when left to compound in index-tracking funds until age 18, creates a “solid financial footing” for young adults to eventually pay for college, start a business, or buy a first home.
Singer Nicki Minaj also showed her support to the program, committing funds to “Trump Accounts” specifically for her fan base. These accounts are scheduled to officially open for contributions and market investments in July 2026.
The Trump Accounts program represents a bold step toward empowering American families and securing a brighter financial future for the next generation. By promoting responsible saving and investment, this initiative aims to strengthen the foundations of our nation and ensure that every child has the opportunity to achieve their full potential.
