The accounts launched on July 4, with the administration committing $1,000 to each child's account.

President Donald Trump said on Monday the government had deposited the first US$1,000 into more than 500,000 "Trump Accounts," a program designed to give newborn Americans a stake…

Of the nearly $125 million in personal contributions, 70% have been for less than $250, while 60% came in below $100.