A tech billionaire and his wife said on Tuesday they would pour $6.25bn into individual investment accounts for 25 million children under 10, prompting a wave of new questions about how these so-called “Trump accounts” will work.

The creation of these accounts was included as part of Donald Trump’s massive tax and spending bill, which he signed into law in July. Every child born between 1 January 2025 and 31 December 2028, can receive a Trump account that includes a $1,000 initial deposit from the administration. The money will then be invested.

“Trump accounts will be the first – I guess you could say – first real trust funds for every American child, allowing family members, employers, corporations, generous donors to contribute money that will be invested and grow,” Trump said in a pr

See Full Page