Trump Launches $1,000 Child Investment Accounts, Rings First White House NYSE Bell
Updated
Updated · The Guardian · Jul 6
Trump Launches $1,000 Child Investment Accounts, Rings First White House NYSE Bell
3 articles · Updated · The Guardian · Jul 6
Summary
$1,000 federal investment accounts for children born from January 2025 through December 2028 began trading Monday, marked by Trump ringing the NYSE bell from the White House in a first joint NYSE-Nasdaq opening.
Parents can open the accounts through the IRS and add up to $5,000 a year; the money defaults into a diversified index fund and becomes the child's at 18 for college, a home or a business.
$6.25 billion from Michael and Susan Dell will add $250 for 25 million low-income children under 10, while Ray and Barbara Dalio funded another $250 for about 300,000 lower-income Connecticut children.
$350 million from SpaceX President Gwynne Shotwell will also target children in lower-income areas, with extra emphasis near central Texas, extending private backing for an initiative Congress created in the One Big Beautiful Bill Act.
The accounts carry Trump's name, but child savings accounts long predate him and have drawn bipartisan support as a tool to build wealth for children born into economic hardship.