The Trump administration’s new child investment program has already enrolled 5 million children, with 1.2 million eligible for an initial $1,000 government contribution, according to Treasury Secretary Scott Bessent.
The tax-deferred “Trump accounts,” created under President Donald Trump’s economic legislation, are set to officially launch on July 4. All children under 18 with Social Security numbers can open accounts, but the $1,000 seed funding applies only to those born between 2025 and 2028.
Trump accounts sign up more than 5 million kids: Treasury https://t.co/tcqOYs9b48
— CNBC (@CNBC) April 15, 2026
According to Bessent, the government contribution is intended as a starting point to encourage long-term savings. Private companies and philanthropists have also pledged to match or supplement the deposits.
Families began enrolling during the tax season by filing IRS forms, with online applications opening shortly after a national advertising campaign. The initiative aims to expand financial participation and investment culture among American families.
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