U.S. President Donald Trump has introduced a new policy initiative offering $1,000 investment accounts to all American babies born between 2025 and 2029.
As reported by Daily Mail, the program—titled “Trump Accounts”—targets children born from January 1, 2025, through December 31, 2028. The initiative was originally called “MAGA accounts,” but Republicans renamed it before it passed in the House last month.
Each eligible child would receive a \$1,000 government-funded investment placed in a stock market index fund, overseen by their legal guardians.
Speaking from the White House on Monday, Trump described the plan as a way to give children a solid financial foundation at zero cost to taxpayers.
“This will change lives and cost the American people nothing,” he said. He also emphasized that the program aligns with pro-family values and leverages the strength of the U.S. economy to benefit future generations.
The accounts would be open to further contributions throughout the child’s life from relatives, friends, employers, or other supporters.
Limited access to the funds would be available at age 18 for expenses such as education, job training, or a first home. Full access would be granted at age 30.
Funding for the Trump Accounts would come from private sector partnerships. Executives from Dell, Uber, Salesforce, ARM Corp, ServiceNow, Robinhood, Goldman Sachs, and Altimeter Capital reportedly joined Trump for the announcement.
Dell Technologies CEO Michael Dell pledged that the company would match the government’s \$1,000 contribution for every child born to a Dell employee, saying the effort reflects their belief that opportunity should begin at birth.
However, the proposal has faced criticism. Democrats argue that it could slash Medicaid funding and increase the national deficit. Some Republican lawmakers, especially those from rural states, have also raised concerns about Medicaid cuts.
The Senate may still make changes to the bill. If amended, it must return to the House for another vote before reaching Trump’s desk. The president has expressed a desire to sign the bill into law by July 4.
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