President Donald Trump recently announced a new plan designed to boost the financial future of American children. On Monday, June 9, he unveiled a federal program dubbed "Trump accounts," which would see every U.S. citizen born between January 1, 2025, and December 31, 2028, receive a $1,000 investment from the government.
Speaking at a White House meeting with top executives from companies like Uber, Goldman Sachs, and Dell Technologies, Trump detailed how these accounts would work. Each eligible child would receive a one-time federal contribution of $1,000 into a special tax-deferred account. This account would be designed to follow the performance of the overall stock market.
Guardians would manage these "Trump accounts," and families would be allowed to add their own money, up to an extra $5,000 per year. Trump described this initiative as a "pro-family" effort, aiming to help millions of Americans use the strength of the economy to improve the lives of the next generation.
Watch video of him speaking below..
