Trump Accounts Reach Milestone of 1 Million Sign-Ups, Reports Treasury Secretary Scott Bessent
Treasury Secretary Scott Bessent credited rapper Nicki Minaj during Thursday’s Cabinet meeting for the rapid growth in the program aimed at giving newborn Americans a financial head start. (Credit: Pool)
Treasury Secretary Scott Bessent announced that the Trump administration’s new Trump Accounts program has seen a remarkable surge, reaching approximately 1 million sign-ups. This increase follows a high-profile summit held on Wednesday, which featured President Donald Trump alongside rapper Nicki Minaj.
During a Cabinet meeting on Thursday, Bessent shared that enrollment had doubled after the event, which the administration has promoted as a significant effort to raise awareness about the program. “We’ve now had a million people sign up for Trump Accounts just this week,” Bessent stated, noting that officials estimate around 25 million families across the nation could be eligible for the initiative.
Minaj, who participated in the summit, celebrated this milestone on social media, framing the program as a positive development for families and children. “This is the best news. Wow. God is good,” she expressed on X. “So happy for the children this will help & the burdens that will be lifted from all the hard-working parents in this country.”
HERE’S HOW MUCH TRUMP ACCOUNT BALANCES COULD GROW OVER TIME
Treasury Secretary Scott Bessent speaks during a Cabinet meeting Thursday at the White House. (Win McNamee/Getty Images / Getty Images)
Bessent highlighted the visibility generated by the summit, noting that the segment featuring Trump and Minaj “has a billion hits, a billion hits on the internet,” emphasizing the rollout of what the administration has branded as a signature family-focused policy.
The Trump Accounts initiative aims to provide government-seeded investment accounts for American children, with the federal government contributing $1,000 per eligible child. Families, employers, and others will have the opportunity to add funds over time.
BESSENT SAYS TRUMP TAX CUTS COULD MEAN ‘SUBSTANTIAL REFUNDS’ FOR WORKING AMERICANS IN 2026
Musician Nicki Minaj joins President Donald Trump onstage as he delivers remarks during the Treasury Department’s Trump Accounts Summit at Andrew W. Mellon Auditorium Thursday in Washington, D.C. (Win McNamee/Getty Images / Getty Images)
According to TrumpAccounts.gov, the program is applicable to children born between January 1, 2025, and December 31, 2028, with a formal launch expected on July 5, 2026.
Treasury materials describe the accounts as long-term investments designed to grow over time, allowing families to make additional contributions within the annual limits specified in the program guidelines. The administration has positioned this initiative as a means to promote early saving, financial literacy, and long-term ownership.
The White House has heavily relied on high-visibility promotions to generate early momentum. Minaj’s appearance at the White House summit tied to the program’s rollout has helped propel the initiative into entertainment and social media discussions.
Treasury Secretary Scott Bessent, left, and musician Nicki Minaj applaud during the Treasury Department’s Trump Accounts Summit Wednesday in Washington, D.C. (Win McNamee/Getty Images / Getty Images)
Minaj expressed her admiration for Trump at the summit, declaring herself his “No. 1 fan.” With the program still months away from its official launch, the administration is optimistic that high-profile promotions and early momentum will continue to drive sign-ups as more families become aware of Trump Accounts.
The Treasury Department has not yet responded to FOX Business’ request for further comments.
Fox News Digital’s Madison Colombo contributed to this reporting.
Treasury Secretary Scott Bessent credited rapper Nicki Minaj during Thursday’s Cabinet meeting for the rapid growth in the program aimed at giving newborn Americans a financial head start. (Credit: Pool)
Treasury Secretary Scott Bessent announced that the Trump administration’s new Trump Accounts program has seen a remarkable surge, reaching approximately 1 million sign-ups. This increase follows a high-profile summit held on Wednesday, which featured President Donald Trump alongside rapper Nicki Minaj.
During a Cabinet meeting on Thursday, Bessent shared that enrollment had doubled after the event, which the administration has promoted as a significant effort to raise awareness about the program. “We’ve now had a million people sign up for Trump Accounts just this week,” Bessent stated, noting that officials estimate around 25 million families across the nation could be eligible for the initiative.
Minaj, who participated in the summit, celebrated this milestone on social media, framing the program as a positive development for families and children. “This is the best news. Wow. God is good,” she expressed on X. “So happy for the children this will help & the burdens that will be lifted from all the hard-working parents in this country.”
HERE’S HOW MUCH TRUMP ACCOUNT BALANCES COULD GROW OVER TIME
Treasury Secretary Scott Bessent speaks during a Cabinet meeting Thursday at the White House. (Win McNamee/Getty Images / Getty Images)
Bessent highlighted the visibility generated by the summit, noting that the segment featuring Trump and Minaj “has a billion hits, a billion hits on the internet,” emphasizing the rollout of what the administration has branded as a signature family-focused policy.
The Trump Accounts initiative aims to provide government-seeded investment accounts for American children, with the federal government contributing $1,000 per eligible child. Families, employers, and others will have the opportunity to add funds over time.
BESSENT SAYS TRUMP TAX CUTS COULD MEAN ‘SUBSTANTIAL REFUNDS’ FOR WORKING AMERICANS IN 2026
Musician Nicki Minaj joins President Donald Trump onstage as he delivers remarks during the Treasury Department’s Trump Accounts Summit at Andrew W. Mellon Auditorium Thursday in Washington, D.C. (Win McNamee/Getty Images / Getty Images)
According to TrumpAccounts.gov, the program is applicable to children born between January 1, 2025, and December 31, 2028, with a formal launch expected on July 5, 2026.
Treasury materials describe the accounts as long-term investments designed to grow over time, allowing families to make additional contributions within the annual limits specified in the program guidelines. The administration has positioned this initiative as a means to promote early saving, financial literacy, and long-term ownership.
The White House has heavily relied on high-visibility promotions to generate early momentum. Minaj’s appearance at the White House summit tied to the program’s rollout has helped propel the initiative into entertainment and social media discussions.
Treasury Secretary Scott Bessent, left, and musician Nicki Minaj applaud during the Treasury Department’s Trump Accounts Summit Wednesday in Washington, D.C. (Win McNamee/Getty Images / Getty Images)
Minaj expressed her admiration for Trump at the summit, declaring herself his “No. 1 fan.” With the program still months away from its official launch, the administration is optimistic that high-profile promotions and early momentum will continue to drive sign-ups as more families become aware of Trump Accounts.
The Treasury Department has not yet responded to FOX Business’ request for further comments.
Fox News Digital’s Madison Colombo contributed to this reporting.
