On Monday, President Donald Trump said the federal government has deposited the first $1,000 into more than 500,000 newly created “Trump Accounts,” launching a program aimed at giving eligible American newborns an early start in investing.
Trump Announces First Wave Of Funded ‘Trump Accounts’
Trump announced that the government has funded more than 500,000 Trump Accounts, each receiving an initial $1,000 contribution for eligible children born between Jan. 1, 2025, and Dec. 31, 2028, Reuters reported.
The president marked the milestone by ringing the opening bell from the White House alongside executives from the New York Stock Exchange and Nasdaq.
The investment accounts are designed to help families build long-term wealth by giving children an early stake in the stock market. Parents, relatives and employers can make additional contributions over time.
