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Parents Must Claim $1,000 Trump Accounts for Kids

By Drooid · Oct 26, 2026, 10:07 PM UTC · How we work

Summary

Story summary

U.S. Treasury Department created nearly 70 million Trump Accounts for children born Jan 1 2025–Dec 31 2028.
Each eligible child receives a one-time $1,000 seed contribution from the federal government.
Parents or guardians must claim the account via the Trump Accounts App to obtain the $1,000.
Custodians may enable contributions up to $5,000 per child per year from family, friends, or employers.
Default investment is the State Street SPDR Portfolio S&P 500 ETF (SPYM).

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Story summary

U.S. Treasury Department created nearly 70 million Trump Accounts for children born Jan 1 2025–Dec 31 2028.
Each eligible child receives a one-time $1,000 seed contribution from the federal government.
Parents or guardians must claim the account via the Trump Accounts App to obtain the $1,000.
Custodians may enable contributions up to $5,000 per child per year from family, friends, or employers.
Default investment is the State Street SPDR Portfolio S&P 500 ETF (SPYM).