Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleTrump has launched ‘Trump Accounts’ for kids with $1,000 seed money available for babies born during his second term (Getty)President Donald Trump is scheduled to ring the opening bells for the New York Stock Exchange and Nasdaq from the Oval Office Monday, a gesture highlighting his administration's focus on the stock market amidst upcoming midterm elections.This event coincides with Trump's low economic approval rating of 33%, attributed to high inflation, despite his claims that his policies are responsible for stock market gains.The Oval Office ceremony is intended to promote "Trump Accounts," a new initiative under the 2025 Republican tax and spending cuts bill, designed to allow children to invest in stock indexes.Treasury Secretary Scott Bessent emphasized that these accounts aim to increase stock ownership among Americans, noting that 38% currently do not own stocks, with a long-term goal of reaching zero non-owners.While the S&P 500 has seen gains, including 17.9% in 2025, inflation has risen to 4.2% over the past year, up from 3% at the start of Trump's second term, with tariffs and the war in Iran cited as contributing factors.In fullTrump Accounts for kids launch July 4 - here’s who qualifies for $1,000 in free moneyMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Trump rings Wall Street’s opening bells to mark Trump Accounts for kids
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleTrump has launched ‘Trump Accounts’ for kids with $1,000 seed money available for babies born during his second term (Getty)President Donald Trump is scheduled to ring the opening bells for the New York Stock Exchange and Nasdaq from the Oval Office Monday, a gesture highlighting his administration's focus on the stock market amidst upcoming midterm elections.This event coincides with Trump's low economic approval rating of 33%, attributed to high inflation, despite his claims that his policies are responsible for stock market gains.The Oval Office ceremony is intended to promote "Trump Accounts," a new initiative under the 2025 Republican tax and spending cuts bill, designed to allow children to invest in stock indexes.Treasury Secretary Scott Bessent emphasized that these accounts aim to increase stock ownership among Americans, noting that 38% currently do not own stocks, with a long-term goal of reaching zero non-owners.While the S&P 500 has seen gains, including 17.9% in 2025, inflation has risen to 4.2% over the past year, up from 3% at the start of Trump's second term, with tariffs and the war in Iran cited as contributing factors.In fullTrump Accounts for kids launch July 4 - here’s who qualifies for $1,000 in free moneyMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
