President Donald Trump announced a new savings initiative for children called “Trump Accounts,” aimed at providing a financial foundation for future generations. The program received a major boost from a $6.25 billion investment by Michael and Susan Dell—the first large private contribution to the initiative.
According to Fox Business, Trump praised the Dell family’s investment during a White House ceremony, calling it “a wonderful act,” and confirmed that he will also contribute to the program. In a statement on X, the couple said the accounts are “simple, secure, and designed to grow in value over time through market returns,” noting that American youth will be able to use the funds at age 18 for education, vocational training, homeownership, or long-term savings.
Trump’s “Big Beautiful Act” Sets Up $1,000 Birth Accounts for Children
The new initiative is part of the “Big Beautiful Act,” signed by Trump on July 4. It states that every child born between January 1, 2025, and December 31, 2028, will receive a one-time government deposit of $1,000 at birth. The account is opened once the child receives a Social Security number and remains locked until they turn 18.
The program also allows parents and relatives to contribute up to $5,000 per year, with the maximum amount adjustable for inflation after 2027. Treasury estimates suggest that if fully funded and invested with typical market returns, the accounts could reach more than $1.9 million by age 28. Even at minimal returns, balances could reach around $600,000. Accounts funded only with the initial government deposit could grow to between $3,000 and $13,800 over 18 years.
White House spokesperson Kosh Desai described the initiative as “a revolutionary federal investment in the next generation of American children,” emphasizing that it invites U.S. companies and philanthropists to support children’s futures. He added that the Dell family’s contribution will be the first of several upcoming announcements backing the program.