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Trump promotes $1,000 ‘Trump Accounts’ for newborns at White House event

President Trump announced the 'Trump Account' program at a White House roundtable on Monday, offering $1,000 investments to newborn Americans from 2025 to 2028.
The program forms part of Trump's 'Big Beautiful Bill,' which passed the House last month and now faces Senate approval amid concerns about the national debt and Medicaid changes.
The accounts are tax-deferred, seeded with $1,000 from the Treasury Department, invest in index funds, and allow withdrawals starting at age 18 for education, home purchases, or starting a business.
CEOs from Uber, Goldman Sachs, Dell, and Robinhood took part in the event, with Robinhood CEO Vlad Tenev describing their current application as a real-world demonstration of how the Invest America initiative might function.
If enacted, the program would cost about $3.6 billion initially and aims to provide a financial foundation for millions, though some senators and experts remain divided on its fiscal impact.

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How The $1,000-Per-Baby ‘Trump Accounts’ Would Affect IL Parents

How The $1,000-Per-Baby 'Trump Accounts' Would Affect IL Parents - Across Illinois, IL - See what Illinois parents need to do to take advantage of the tax-deferred investments.

9 hours ago·United States

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What experts think about the $1,000 'Trump accounts' for babies

The proposal has bipartisan backing and is generally supported by economists and other researchers, but experts say that there are ways it could be restructured that are more practical and would have a greater effect on wealth inequality.

1 day ago·Washington, United States

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