Story perspectives

Trump Launches “Trump Accounts” With $1,000 Per Newborn

By Drooid · Sep 13, 2026, 2:41 PM UTC · How we work

Summary

Story summary

U.S. President Donald Trump launched the “Trump accounts” program, depositing $1,000 for every newborn.
The Treasury Department said the accounts level the playing field for all parents, not just wealthy families.
Economists warned Donald Trump's claim that accounts could reach $200,000–$300,000 by age 18 is vastly exaggerated.
Billionaire Michael Dell and wife pledged $6.25 billion, providing $250 per child for 25 million U.S. children.

History

Historical Context

The United Kingdom introduced the Child Trust Fund, a baby-bond scheme that gave every newborn a government-seeded trust and cash sum; families could select from 75 banks. Conservatives argued the legislation was poorly timed before the 2005 general election. Donald Trump’s 2024 “Trump accounts” proposal mirrors that model in the United States.

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Story summary

U.S. President Donald Trump launched the “Trump accounts” program, depositing $1,000 for every newborn.
The Treasury Department said the accounts level the playing field for all parents, not just wealthy families.
Economists warned Donald Trump's claim that accounts could reach $200,000–$300,000 by age 18 is vastly exaggerated.
Billionaire Michael Dell and wife pledged $6.25 billion, providing $250 per child for 25 million U.S. children.

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