More Than 5 Million Children Enroll in Trump Accounts

Treasury Secretary Scott Bessent announced Wednesday that more than 5 million children across the United States have enrolled in the new Trump Accounts program, a tax-deferred investment initiative aimed at promoting long-term financial stability for young Americans. Of those participants, approximately 1.2 million qualify for an initial $1,000 seed contribution from the federal government.

The program, enacted through President Donald Trump's recent economic legislation, provides investment accounts for all children under 18 who possess a Social Security number. The $1,000 deposit, however, is limited to those born between 2025 and 2028 as part of a pilot effort. Families can open accounts by including IRS Form 4547 with their 2025 tax returns or through an online government portal, which began accepting applications shortly after a national advertising campaign during the Super Bowl. The accounts are scheduled for official launch on July 4, 2026.

Bessent described the government contribution during his remarks at an economic forum as merely an entry point to broader asset-building opportunities. "The $1,000 is just the starting point," he said, emphasizing the administration's...