New Trump accounts are set to start giving money to millions of children in mid-2026. Their creation has led experts to speculate whether a similar strategy may be implemented to address another area where Americans may face a financial shortfall — retirement.
The tax-advantaged Trump accounts, which include a $1,000 initial government deposit for some, were created when President Donald Trump signed the “big beautiful bill” into law in July. Lawmakers have said the goal is to help reduce wealth inequality by giving children a jump-start on accumulating assets.
Parents and others can make after-tax contributions to a Trump account of up to $5,000 per year. Children born between 2025 and 2028 will be eligible for the government seed investments. Business philanthropists, including Michael and Susan Dell and Ray and Barbara Dalio, have agreed to provide $250 per child to those who qualify under the terms of their respective donations.
At a Dec. 2 press conference announcing the Dells’ contribution, Trump was asked whether the administration plans to look at other policy proposals to help families. In response, Trump cited Australia’s retirement plan for workers as potential inspiration.
