Trump Program to Give Newborns $1,000 Investment Accounts

The US Treasury Department has launched an app through which families can manage government-sponsored investment accounts for children, known as Trump Accounts. The program was introduced under legislation signed by President Trump.

Each eligible child born between 1 January 2025 and 31 December 2028 will receive a $1,000 starter deposit when the account is opened. The money will be invested in the stock market and made available to the child after they turn 18. US citizenship and a Social Security number are required. The immigration status of parents is not a factor.

Parents can deposit an additional $2,500 tax-free into the account each year, with a total contribution limit of $5,000 annually. The accounts will officially take effect on 4 July 2026, the 250th anniversary of American independence.

Private donors have also contributed to the program. Michael and Susan Dell have pledged $6.25bn, and investor Ray Dalio and his wife have pledged an additional $75m to support children from selected families.

The Treasury Department has also warned of fraud, saying it will activate accounts exclusively through official emails and not through phone calls or text messages.

(epochtimes.de, lud)