WASHINGTON (Gray DC) – Wednesday, The Trump Administration unveiled “Trump Accounts,” a new savings program aimed at making the high cost of raising a child more affordable for American families.
The program was first announced in June 2025. It will see the Treasury Department deposit $1,000 into investment accounts for American children born between Jan. 1, 2025 and Dec. 31, 2028.
“Over the next 15 years, we’re going to put $3 to $4 trillion of wealth into the hands of young Americans who otherwise would have really started out with nothing,” President Donald Trump said.
Under the program, families must invest the seed money in an index fund that tracks the overall stock market. When their children turn 18, they can withdraw the funds to put toward their education, to buy a home or to start a business.
Trump positioned the program as a departure from previous administrations’ fiscal policies.
“Every president in modern history has left our children with nothing but debt. But under this administration, we’re going to leave every child with real assets,” Trump said.
Michael Dell, founder and CEO of Dell Technologies, attended the president’s announcement. Dell and his wife have pledged over $6 billion to support “Trump Accounts.”
“The best investment a country can make is in its people, especially in children. And this creates an incredible platform for that to occur at enormous scale. And we’re excited to see it all come together,” Dell said.
Critics say the “Trump Accounts” will only widen the wealth gap, as affluent families will be able to more easily afford to make the maximum pretax contribution. “Trump Accounts” won’t be open for contributions until July. Some employers, including Bank of America and JPMorgan, have promised to match initial grants.
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