Overview of Trump Accounts

During his State of the Union address, President Donald Trump announced the launch of Trump Accounts, savings accounts for children starting this summer. Babies born between 2025 and 2028 will receive an initial $1,000 from the federal government, with potential additional contributions from parents and companies. The program, part of the One, Big, Beautiful Bill Act, allows funds to be used for education, home purchases, or business ventures once the account holder turns 18. Parents can apply for these accounts starting in May.

Want More Context? 🔎