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The Reality of Trump Accounts for Children

Federal Trump Accounts offer $1000 seed money for newborns and tax advantages for long term savings. However experts note that actual growth depends heavily on ongoing contributions and market performance.

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U.S. Treasury Secretary Scott Bessent appeared at an event in Westlake Village, Calif., in May 2026 to promote the Trump administration's new tax-advantaged investment account for kids. JUAN CARLO/THE STAR

Parents across the United States have signed up 6.5 million children for Trump Accounts, a new federal savings program. The accounts offer a $1,000 initial seed contribution for babies born between 2025 and 2028. Financial planners warn that actual long-term wealth accumulation depends heavily on ongoing family contributions and market performance.
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