January 1, Trump Accounts Promise Financial Boost for Kids

Wyatt’s Take

• New “Trump accounts” act like trust funds for American kids
• Parents can invest $5,000 a year, Treasury adds $1,000 for newborns
• Dell family pledges $6.2 billion for millions of children

A new program called “Trump accounts” is set to help kids start saving and investing for their future. Parents can put in up to $5,000 a year starting next July, giving their children a stake in the American economy.

Treasury Secretary Scott Bessent said, “There will be no restrictions on how children can use their ‘Trump accounts’ once they turn 18.” The Treasury will also give $1,000 directly to accounts for kids born from January 1, 2025, to December 31, 2028.

Bessent explained, “So, in essence, it is a trust fund. It is a piece of the American economy for every child, and they will be able to take it out when they’re 18, or they can convert it to a more IRA-type program and keep it for their retirement.” The accounts will be invested in U.S. stocks and come with financial lessons so kids can handle the money themselves.

Bessent shared, “[President Trump] is bringing a new generation of investors into the economy through Trump Accounts, which harness the compounding power of the American stock market. These accounts are paired with financial literacy so kids grow up understanding how to build, manage, and benefit from their own investments.”

This week, Dell CEO Michael Dell and his wife, Susan, promised $6.2 billion to fund Trump accounts for 25 million American children. Their pledge will give $250 to each qualifying child in households making under $150,000 a year and who don’t qualify for the Treasury money.

Programs like these speak to everyday families who want their children to do better. Smart financial moves now mean more freedom down the road. Hardworking Americans deserve a country that invests in its young people, teaching them how to grow and manage their own wealth, just like the heartland traditions of saving and planning for the future.

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Wyatt Matters

Giving kids a head start in life through savings and investing brings hope to families who believe in building a better future. Programs like this help our children learn real-world lessons about money and responsibility, keeping the American dream alive for Main Street.