Trump rings New York Stock Exchange bell to mark first trading day for ‘Trump accounts’
Summary
President Donald Trump marked the start of a new government program called Trump accounts, which gives children born between 2025 and 2028 a $1,000 investment account to help them save money for the future. The accounts can also receive additional contributions from family, friends, employers, and donors, and the money will be managed until the children turn 18.Key Facts
- President Trump rang the New York Stock Exchange bell from the White House to celebrate the Trump accounts program’s first trading day.
- Trump accounts provide $1,000 from the government to children born from January 2025 to December 2028.
- Parents and others can add up to $5,000 per year into each child’s account.
- The accounts are controlled by parents or guardians until the child turns 18, then the child gains control.
- The money is invested in a diverse fund tracking the stock market, aiming to grow savings over time.
- Wealthy donors like Michael Dell and Gwynne Shotwell have contributed billions to help children in low-income areas.
- The program aims to give children money for college, buying homes, or starting businesses.
- President Trump is keeping the NYSE bell at the White House for display.
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