The Trump Administration is unveiling a type of savings account for children in the United States with a promise of up to $1,000 to start it. The savings program, which was signed off on in the Big Beautiful Bill, is giving millions of children a government investment at birth, and there is a new donation that will give more children access to future wealth.

"Trump accounts will be the first, I guess you could say, real trust funds for every American child. It allows family members, employers, corporations, and generous donors to contribute money that will be invested and grow over the course of a child's life to be used for their benefit after they turn 18," said President Donald Trump during a press conference on Tuesday.

The accounts are a tax-deferred savings account for children bor

See Full Page