Trump Team Clarifies Rules On ‘Trump Accounts’
Treasury Secretary Scott Bessent made it clear on Sunday that President Trump’s new “Trump Accounts” will come with zero federal spending restrictions, giving families complete control once their children reach adulthood. The announcement has sparked major interest among parents, financial experts, and conservative voters who see the program as a long-term investment in America’s next generation.
During an interview on CBS’s Face the Nation, Bessent explained that each account acts like a personal trust tied directly to the strength of the American economy. According to Bessent, “Every eligible child receives a piece of America’s future. At 18, they can use it freely or convert it into a retirement-style account for long-term savings.”
A Major Pro-Family Initiative Under President Trump
Starting next year, qualifying children — including newborns — will receive these investment accounts under the One Big Beautiful Bill Act. Parents and guardians will be able to contribute beginning July 4, 2026, a symbolic launch date that highlights Trump’s focus on American prosperity and independence.
The IRS confirmed that any child with a Social Security number will be eligible. Funds will grow through stock-market investments, similar to an IRA, helping families build real generational wealth — a priority for many conservative households focused on financial security.
Bessent also noted that this program will introduce millions of young Americans to investing. “We’re pairing the accounts with strong financial education so children understand what they own,” he said.
How Much Families Can Contribute
The program gives families and employers powerful new tools to invest in their children’s future:
- Individuals: Up to $5,000 per year
- Employers: Up to $2,500 per year (counting toward the annual cap)
Additionally, the Treasury will deposit a one-time $1,000 contribution for children born between Jan. 1, 2025, and Dec. 31, 2028. For many families, this provides an immediate boost during years of economic uncertainty.
Historic Philanthropic Support from the Dell Family
In one of the largest philanthropic commitments in recent U.S. history, Michael and Susan Dell have pledged $6.25 billion to support roughly 25 million children who aren’t eligible for the Treasury’s initial deposit. Their contribution — $250 per child — will go to families living in ZIP codes where the median household income is under $150,000.
This private-sector support underscores the program’s broad appeal and its potential to reshape long-term savings for working- and middle-class households.
A New Era of Financial Opportunity for American Families
For millions of parents and grandparents, the Trump Accounts represent one of the most significant pro-family, pro-opportunity policies in years.
With no federal restrictions, real investment growth, and strong support from both government and private donors, the program is poised to give American children a powerful financial head start.
