The Trump administration has officially launched the 'Trump Accounts' initiative under the One Big Beautiful Bill Act, providing minors under 18 with a Social Security Number access to investment accounts. Children born between 2025 and 2028 receive a $1,000 government-funded initial deposit, with families and employers able to contribute up to $5,000 annually. The White House says the program aims to foster financial inclusion, with over 500,000 children already receiving the initial deposit and $125 million in family deposits.
The Trump administration has officially launched the 'Trump Accounts' initiative under the One Big Beautiful Bill Act. The program allows U.S. minors under 18 with a Social Security Number to open investment accounts through a dedicated app, with funds automatically invested in ETFs and index funds. Children born between 2025 and 2028 receive a $1,000 government-funded initial deposit. Families and employers can contribute up to $5,000 annually. The White House says the program aims to foster financial inclusion and build wealth, with over 500,000 children already receiving the initial deposit and families depositing nearly $125 million to date. Funds are locked until adulthood, with exceptions for home buying and university tuition.
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