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BlackRock's Fink Proposes Trump Accounts to Boost Child Wealth

3/23/2026

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Summary

Story summary

Larry Fink, CEO of BlackRock, outlined Trump accounts as a wealth-building tool for U.S. children at the 2026 Infrastructure Summit.
In a letter to investors, he noted these accounts could benefit young Americans when combined with 529 and 401(k) plans.
Trump accounts, or 530A accounts, would include a $1,000 Treasury deposit for eligible children, with BlackRock and others matching, and up to $5,000 per year, indexed after 2027.

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Story summary

Larry Fink, CEO of BlackRock, outlined Trump accounts as a wealth-building tool for U.S. children at the 2026 Infrastructure Summit.
In a letter to investors, he noted these accounts could benefit young Americans when combined with 529 and 401(k) plans.
Trump accounts, or 530A accounts, would include a $1,000 Treasury deposit for eligible children, with BlackRock and others matching, and up to $5,000 per year, indexed after 2027.