Trump says 500,000 children receive first $1,000 Trump account deposits
Turkey says it is indispensable to NATO because it fields the alliance’s second-largest force and a major defense industry, officials said.
- On Monday, President Donald Trump launched 'Trump Accounts' at the White House, ringing the opening bell for the New York Stock Exchange and Nasdaq to mark the rollout of child-focused individual retirement accounts.
- Created under the One Big Beautiful Bill Act signed last year, Trump Accounts operate as individual retirement accounts without gift tax, with the Treasury Department contributing $1,000 to children born between 2025 and 2028.
- As of Thursday, more than 6 million families signed up for accounts, while the Treasury has already deposited the first $1,000 into more than 500,000 Trump Accounts for eligible children.
- Chipmaker Micron pledged $250 million to support the program, while Trump called the accounts 'absolutely incredible' and aimed to make 'every child and every American a capitalist.'
- Supporters argue Trump Accounts encourage long-term investing and financial literacy, though critics question whether families with limited disposable income can meet the $5,000 annual contribution limit effectively.
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President Marks Launch of Trump Accounts; Trump to Travel to Turkey for NATO Summit
U.S. President Donald Trump marked the launch of Trump Accounts in the Oval Office on July 6. Under the program, parents can open special investment accounts for any child born during Trump’s second term and automatically receive $1,000 from the government. Trump will travel to Ankara, Turkey, to attend the NATO summit on July 7 and 8, where leaders are expected to review progress on the alliance’s defense spending commitments and burden-sharing…
Trump says over 500,000 U.S. children have received $1,000 Trump account deposits
President Donald Trump said on Monday that the federal government has deposited the initial $1,000 seed investment into Trump Accounts for more than 500,000 U.S. children, marking the first wave of... -July 06, 2026 at 09:44 am EDT MarketScreener
Trump says 500,000 children receive first $1,000 Trump account deposits
President Donald Trump said on Monday the government had deposited the first $1,000 into more than 500,000 "Trump Accounts," a program designed to give newborn Americans a stake in the stock market and help build wealth from an early age.
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