Donald Trump’s administration is launching a program called Trump Accounts, under which each US citizen born between 2025 and 2028 will receive an investment savings account with an initial amount of $1,000. This initiative is designed to help children from low-income families build capital by the time they reach adulthood. The program is set to begin on July 4, 2026, the day marking the 250th anniversary of American independence.

Parents or guardians will need to apply to open the account. Family members, employers, and charitable organizations will be able to contribute to it, but contributions are capped at $5,000 per year. Funds will be automatically invested in index funds tied to the benchmark indices of the US stock market. Upon reaching the age of 18, the accumulated savings will be converted into a standard retirement plan.

According to the administration's calculations, with maximum annual contributions, a child could amass between $191,500 and $676,400 by the time they reach adulthood, depending on market returns. This will provide a powerful financial start for a new generation of Americans.