Story perspectives

Treasury Launches “Trump Accounts” for Future Kids, $1.5 B Fund

7/24/2026

Summary

Story summary

The U.S. Treasury launched “Trump Accounts” on July 4, creating over 7 million accounts that hold $1.5 billion.
Eligibility requires U.S. citizenship, a Social Security number and a birthdate between Jan 1 2025 and Dec 31 2028.
Families may contribute up to $5,000 a year, cannot deduct contributions, and must use SPDR S&P 500 ETF (SPYM) at a 0.02% expense ratio.
Urban Institute analysts warn the program may favor wealthier families and affect Pell Grant or SSI eligibility.

1 of 1

Story summary

The U.S. Treasury launched “Trump Accounts” on July 4, creating over 7 million accounts that hold $1.5 billion.
Eligibility requires U.S. citizenship, a Social Security number and a birthdate between Jan 1 2025 and Dec 31 2028.
Families may contribute up to $5,000 a year, cannot deduct contributions, and must use SPDR S&P 500 ETF (SPYM) at a 0.02% expense ratio.
Urban Institute analysts warn the program may favor wealthier families and affect Pell Grant or SSI eligibility.