The Trump administration launched the "Trump Accounts" program on July 4, 2026, providing government-funded investment accounts for American children. Managed by Bank of New York Mellon and Robinhood, the program offers seed money to children in specific age brackets and allows subsequent annual contributions. Critics have warned the initiative may worsen wealth inequality.
- The Trump administration launched "Trump Accounts" (530A accounts) on July 4, 2026, providing $1,000 in government seed money for children born between 2025 and 2028.
- Lower-income children born between 2016 and 2024 receive an additional $250; the accounts invest in U.S. stock funds and convert to IRAs at age 18.
- The program is managed by Bank of New York Mellon and Robinhood, allows up to $5,000 in annual contributions, and counts Michael Dell and Micron among major donors.
- Critics have warned the program may worsen wealth inequality.