The United States government launched Wall Street-backed child savings vehicles known as Trump accounts on Saturday, July 4, 2026.
The program provides long-term financial assets for eligible children born during the president's second term.
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Program Details
Accounts established for children born between January 2025 and December 2028 will receive an initial $1,000 contribution from the government.
Parents, employers, and friends can subsequently deposit up to $5,000 annually into the accounts, which remain under guardian control until the child turns 18.
According to the U. S.
Treasury Department, all initial deposits will automatically route into an S&P 500 index fund managed by State Street.
Funds managed by BlackRock and Vanguard will become available at a later date, while Bank of New York Mellon and Robinhood develop a dedicated management application.
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Private donations have further expanded the initiative, including a $6.25 billion contribution from Michael and Susan Dell to support 25 million lower-income children.
Billionaire hedge fund manager Ray Dalio also financed additional deposits for approximately 300,000 children living in lower-income areas of Connecticut.
GOP lawmakers referenced the broader legislative package as the "Working Families Tax Cuts Act," which extended lower tax rates for families.
The program rolls out as Republicans prepare for the upcoming November midterm elections to defend their control of Congress.
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The rollout follows a recent PBS News/NPR/Marist survey indicating that two-thirds of respondents disapproved of the president's handling of the economy.
