The administration of Donald Trump, the President of the United States, has introduced a new initiative that will allow children to open savings investment accounts with an initial deposit of $1,000. At a press conference at the White House, Trump noted that this program is designed to support children from low-income families and will help them save money by the age of 18, as reported by TASS.
According to the program's conditions, the Department of the Treasury will deposit $1,000 into the accounts of all newborns who are born between 2025 and 2028, provided that their parents or guardians submit an application. The opening of "Trump Accounts" is planned for July 4, 2026 — on the 250th anniversary of the USA.
Starting in July 2026, relatives, charitable organizations, and employers will have the opportunity to make additional contributions to these investment accounts. The entire amount will be automatically invested in funds focused on major stock indices.
Additionally, Michael Dell, the founder of Dell, and his wife Susan announced their intention to allocate $6.25 billion to contribute $250 to 25 million accounts for children born between 2016 and 2024. These funds are aimed at minors from families with a median income not exceeding $150,000 per year — according to the Dell family's estimates, this applies to about 80% of children in the USA. Major international companies such as Uber, Nvidia, T-Mobile, Charter Communications, and others also plan to participate in the program.
The money in the investment accounts will remain inaccessible until the account holders reach 18 years of age. Upon reaching adulthood, the accounts will be automatically converted into standard retirement savings programs.
According to estimates from the U.S. Department of the Treasury, with maximum annual contributions of $5,000, by the age of 18, savings could grow to an amount ranging from $191,500 to $676,400, depending on investment returns. If the funds are not used until the age of 28, the capital could increase to an amount ranging from $600,000 to $1.9 million.
