As the president touts Trump Accounts, some families are still waiting for baby’s $1,000
Summary
President Donald Trump promotes "Trump Accounts," investment accounts that give $1,000 to every child born during his second term to help reduce poverty and increase stock market participation. While some parents have received the money, many are still waiting for the $1,000 seed funds to arrive in their children’s accounts.Key Facts
- Trump Accounts provide $1,000 to children born between 2025 and 2028.
- The accounts were created by Trump’s One Big Beautiful Bill from last year.
- The accounts can be opened for children under 18 and are tax-advantaged, meaning they offer tax benefits.
- The government says 6.5 million Trump Accounts have been opened, with 1.5 million eligible for the $1,000 baby bonus.
- After opening, parents and others can add money; the funds are invested in index funds that track the stock market’s performance.
- The money cannot be used until the child turns 18 and must be spent on education, starting a business, or buying a home.
- Some parents report delays in receiving the $1,000 initial deposit from the Treasury Department.
- President Trump plans to speak at a Georgia high school to promote these accounts.
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