Story perspectives

Trump Accounts Program Launches Amid Criticism and Alternatives

4/15/2026

Summary

Story summary

The Trump Accounts program will launch on July 4, 2026, with a $1,000 government deposit for eligible U.S. children born 2025–2028.
Treasury Secretary Scott Bessent announced 5 million signups, with 1.2 million eligible.
Critics, including financial expert Dave Ramsey, call the program a political stunt and object to inflexibility, withdrawal taxes, and limited investment options.
Ramsey recommends alternatives such as 529 plans or custodial accounts for long-term savings.

1 of 1

Story summary

The Trump Accounts program will launch on July 4, 2026, with a $1,000 government deposit for eligible U.S. children born 2025–2028.
Treasury Secretary Scott Bessent announced 5 million signups, with 1.2 million eligible.
Critics, including financial expert Dave Ramsey, call the program a political stunt and object to inflexibility, withdrawal taxes, and limited investment options.
Ramsey recommends alternatives such as 529 plans or custodial accounts for long-term savings.