Treasury Reveals Trump Accounts Offering $1,000 for American Kids
Counselor to the Treasury Secretary Joe Lavorgna discusses President Trump’s Trump accounts for children, tackling affordability and more on Making Money.
Treasury Secretary Scott Bessent recently unveiled new details regarding the innovative Trump accounts, which were established under the One Big Beautiful Bill Act. This announcement was accompanied by the launch of a dedicated website for the initiative.
During a press conference at the Treasury Department, Bessent emphasized the transformative potential of these investment accounts, stating, “An entire generation of Americans is about to learn in the most life-changing way possible how even small contributions can become generational wealth, and it’s all thanks to President Trump.”
The Trump accounts will be available to every American child born between January 1, 2025, and December 31, 2028. Each account will be seeded with an initial investment of $1,000 in an index fund. The accounts will be held in the child’s name, with parents acting as custodians until the child turns 18. While contributions are not mandatory, families can deposit up to $5,000 annually.
Bessent described the Trump accounts as “the president’s gift to the American people,” highlighting their significance as a groundbreaking policy innovation. He elaborated, “They are shaped by a very simple vision: every American a shareholder. When every American owns a share of the most powerful economy on earth, every American will benefit from our nation’s growth.”
For more detailed information, you can read about ‘TRUMP ACCOUNTS,’ EXPLAINED: WHO QUALIFIES, HOW THEY WORK AND WHEN YOU CAN CLAIM.
Treasury Secretary Scott Bessent revealed more details about Trump accounts as the administration launched a website. (Alex Wong/Getty Images / Getty Images)
Bessent further noted that “every American will capture a portion of the productivity gains brought about by AI, robotics, and other world-changing technologies.” He emphasized the importance of investing in the free market system for the nation’s continued success.
The official launch date for Trump accounts is set for July 4, 2026. Parents can enroll their children by making an election during tax return filings.
“To claim this investment, most families need merely to check a box on Form 4547, the most aptly named tax document of all time,” Bessent quipped, referencing Trump’s unique presidential history.
For those interested in the philanthropic aspect, WEALTHY AMERICANS ‘RINGING OUR PHONES OFF THE HOOK’ TO HELP WITH TRUMP ACCOUNTS, HASSETT SAYS.
Trump accounts were included in the One Big Beautiful Bill Act, which the president signed into law on July 4, 2025. (Tom Brenner For The Washington Post via Getty Images / Getty Images)
Once the program is operational, a financial institution will manage the funds for each child’s account. Up to $5,000 can be contributed annually, although additional deposits are not required.
Bessent highlighted the potential for significant growth, stating, “The compound growth from Treasury’s initial seed funding alone stands to make young Americans wealthy. The S&P has grown at a rate of 10.5% each year, on average, since the 1950s. Assuming that growth rate continues, a single $1,000 deposit into a Trump account at birth will grow to over $600,000 by the age of retirement.”
Parents can also establish Trump accounts for any child under 18, not just those born between 2025 and 2028.
MICHAEL AND SUSAN DELL DONATE $6.25B TO FUND ‘TRUMP ACCOUNTS’
Michael and Susan Dell donated over $6 billion to help fund Trump accounts for children under the age of 10. (Andrew Caballero-Reynolds/ AFP/Getty Images / Getty Images)
Bessent highlighted that Susan and Michael Dell made a remarkable contribution of $6.25 billion to fund Trump accounts for 25 million children under 10 years old. This donation marks the largest private commitment to U.S. children in history, providing an additional $250 in funding for Trump accounts nationwide.
Furthermore, Bessent noted that the Dell’s donation has sparked interest among philanthropists to contribute seed money for Trump accounts. Investor Ray Dalio has joined the new “50 State Challenge” to encourage further contributions.
“We are inviting every philanthropist in every state across the country to partner with us in building generational wealth for America’s children through Trump accounts,” Bessent stated. “Ray is representing Connecticut in the 50 State Challenge and will announce a generous contribution to boost funding for Trump accounts for kids across Connecticut.”
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Bessent concluded by inviting other donors and foundations to join the 50 State Challenge, emphasizing the importance of collective efforts in supporting the initiative.
For more information about Trump accounts, visit trumpaccounts.gov.
Counselor to the Treasury Secretary Joe Lavorgna discusses President Trump’s Trump accounts for children, tackling affordability and more on Making Money.
Treasury Secretary Scott Bessent recently unveiled new details regarding the innovative Trump accounts, which were established under the One Big Beautiful Bill Act. This announcement was accompanied by the launch of a dedicated website for the initiative.
During a press conference at the Treasury Department, Bessent emphasized the transformative potential of these investment accounts, stating, “An entire generation of Americans is about to learn in the most life-changing way possible how even small contributions can become generational wealth, and it’s all thanks to President Trump.”
The Trump accounts will be available to every American child born between January 1, 2025, and December 31, 2028. Each account will be seeded with an initial investment of $1,000 in an index fund. The accounts will be held in the child’s name, with parents acting as custodians until the child turns 18. While contributions are not mandatory, families can deposit up to $5,000 annually.
Bessent described the Trump accounts as “the president’s gift to the American people,” highlighting their significance as a groundbreaking policy innovation. He elaborated, “They are shaped by a very simple vision: every American a shareholder. When every American owns a share of the most powerful economy on earth, every American will benefit from our nation’s growth.”
For more detailed information, you can read about ‘TRUMP ACCOUNTS,’ EXPLAINED: WHO QUALIFIES, HOW THEY WORK AND WHEN YOU CAN CLAIM.
Treasury Secretary Scott Bessent revealed more details about Trump accounts as the administration launched a website. (Alex Wong/Getty Images / Getty Images)
Bessent further noted that “every American will capture a portion of the productivity gains brought about by AI, robotics, and other world-changing technologies.” He emphasized the importance of investing in the free market system for the nation’s continued success.
The official launch date for Trump accounts is set for July 4, 2026. Parents can enroll their children by making an election during tax return filings.
“To claim this investment, most families need merely to check a box on Form 4547, the most aptly named tax document of all time,” Bessent quipped, referencing Trump’s unique presidential history.
For those interested in the philanthropic aspect, WEALTHY AMERICANS ‘RINGING OUR PHONES OFF THE HOOK’ TO HELP WITH TRUMP ACCOUNTS, HASSETT SAYS.
Trump accounts were included in the One Big Beautiful Bill Act, which the president signed into law on July 4, 2025. (Tom Brenner For The Washington Post via Getty Images / Getty Images)
Once the program is operational, a financial institution will manage the funds for each child’s account. Up to $5,000 can be contributed annually, although additional deposits are not required.
Bessent highlighted the potential for significant growth, stating, “The compound growth from Treasury’s initial seed funding alone stands to make young Americans wealthy. The S&P has grown at a rate of 10.5% each year, on average, since the 1950s. Assuming that growth rate continues, a single $1,000 deposit into a Trump account at birth will grow to over $600,000 by the age of retirement.”
Parents can also establish Trump accounts for any child under 18, not just those born between 2025 and 2028.
MICHAEL AND SUSAN DELL DONATE $6.25B TO FUND ‘TRUMP ACCOUNTS’
Michael and Susan Dell donated over $6 billion to help fund Trump accounts for children under the age of 10. (Andrew Caballero-Reynolds/ AFP/Getty Images / Getty Images)
Bessent highlighted that Susan and Michael Dell made a remarkable contribution of $6.25 billion to fund Trump accounts for 25 million children under 10 years old. This donation marks the largest private commitment to U.S. children in history, providing an additional $250 in funding for Trump accounts nationwide.
Furthermore, Bessent noted that the Dell’s donation has sparked interest among philanthropists to contribute seed money for Trump accounts. Investor Ray Dalio has joined the new “50 State Challenge” to encourage further contributions.
“We are inviting every philanthropist in every state across the country to partner with us in building generational wealth for America’s children through Trump accounts,” Bessent stated. “Ray is representing Connecticut in the 50 State Challenge and will announce a generous contribution to boost funding for Trump accounts for kids across Connecticut.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Bessent concluded by inviting other donors and foundations to join the 50 State Challenge, emphasizing the importance of collective efforts in supporting the initiative.
For more information about Trump accounts, visit trumpaccounts.gov.
