Trump Plans $1,000 Investment Accounts for American Newborns

President Donald Trump announced a federal program called "Trump accounts" providing $1,000 government-funded investment accounts for every American newborn between 2025 and 2029 as part of the "One Big Beautiful Bill." These tax-deferred accounts, managed by the child's guardians, will track the overall stock market and allow additional private contributions up to $5,000 annually, aiming to help families build financial security for education, homeownership, and other major life expenses. Major business leaders, including Michael Dell of Dell Technologies, Dara Khosrowshahi of Uber, and David Solomon of Goldman Sachs, have pledged billions in contributions to support children of their employees. Trump and House Speaker Mike Johnson emphasized the program as a pro-family initiative designed to give children a financial head start and promote financial literacy while encouraging higher birth rates. The accounts will be accessible starting at age 18 for education or home purchase, with full access at age 30 or 21 depending on the report, and the program depends on the broader passage of the budget bill. Despite bipartisan support from some quarters, the plan faces challenges in the Senate, as it is tied to the larger, more controversial budget legislation.