The Trump administration has unveiled Trump Accounts, a new savings initiative aimed at giving American children a financial head start. Eligible newborns receive a $1,000 government-funded investment account, with parents able to contribute over time. Major corporations have pledged matching funds, expanding the program’s reach. Officials say the effort could benefit tens of millions of families.
Trump Accounts give eligible U.S. newborns a $1,000 Treasury-funded investment account starting in 2025. Promoted in 2026, the program aims to build long-term wealth, with major banks pledging matching contributions. #TrumpAccounts #MAGA #Economy pic.twitter.com/ipWMIvVJg1
— Matthew Brady (@mattbrady775) January 28, 2026
- The Trump administration launched “Trump Accounts,” a government-backed, tax-advantaged savings initiative for children.
- Eligibility: U.S. citizen children born Jan. 1, 2025 – Dec. 31, 2028 receive a $1,000 Treasury deposit at birth as part of a pilot tied to recent tax legislation.
- Parents can also open accounts for children under 18, though older children may receive smaller or no seed deposits.
- Accounts are designed for long-term investing, similar to a 529 plan or Roth-style structure, with parental control until adulthood.
- Enrollment is available via IRS Form 4547, official government websites, or participating financial institutions.
- In January 2026, President Trump and Treasury Secretary Scott Bessent promoted the program at a Treasury summit.
- Major firms including JPMorgan Chase and Bank of America announced matching $1,000 contributions for eligible employees’ children.
- Treasury estimates up to 25 million families could eventually participate.
