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All 2025-28 US Kids Get $1,000 Trump Account

5/13/2026

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Summary

Story summary

All U.S. children born 2025-2028 will receive a $1,000 Trump Account, which Sen. Ted Cruz says could become a Social Security account.
The accounts launch on July 4 and are placed in a U.S. equity index fund.
Families may contribute up to $5,000 a year, with $2,500 from an employer plan.
Analysts estimate the $1,000 start plus $3,000 contributions could reach $110,000 by age 18 and $3 million by age 60.

History

Historical Context

In the late 1990s, the Center for Economic and Policy Development (CFED) launched the American Dream Demonstration (1997), the first large-scale test of Individual Development Accounts, leading Congress to pass the Assets for Independence Act in 1998 with $125 million for matched-savings programs. That asset-building model underlies later proposals such as the 2025-2028 Savings for Working Families Act, aimed at 2.7 million low-income families.

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Story summary

All U.S. children born 2025-2028 will receive a $1,000 Trump Account, which Sen. Ted Cruz says could become a Social Security account.
The accounts launch on July 4 and are placed in a U.S. equity index fund.
Families may contribute up to $5,000 a year, with $2,500 from an employer plan.
Analysts estimate the $1,000 start plus $3,000 contributions could reach $110,000 by age 18 and $3 million by age 60.

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