Story perspectives

Trump Launches $1,000 Kids Savings Account, S&P 500 ETF

7/26/2026

Summary

Story summary

U.S. President Donald Trump launched Trump Accounts on July 4, 2026, with a $1,000 seed for each child.
Eligibility is a U.S. citizen child born Jan 1, 2025-Dec 31, 2028 with SSN; parents may contribute up to $5,000 per year.
All funds must be placed in the SPDR Portfolio S&P 500 ETF and grow tax-deferred until age 18.
Michael Dell and Ray Dalio note their firms may match contributions, and differ from 529 plans by a $5,000 limit and taxable withdrawals.

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Story summary

U.S. President Donald Trump launched Trump Accounts on July 4, 2026, with a $1,000 seed for each child.
Eligibility is a U.S. citizen child born Jan 1, 2025-Dec 31, 2028 with SSN; parents may contribute up to $5,000 per year.
All funds must be placed in the SPDR Portfolio S&P 500 ETF and grow tax-deferred until age 18.
Michael Dell and Ray Dalio note their firms may match contributions, and differ from 529 plans by a $5,000 limit and taxable withdrawals.