WASHINGTON (AURN News) — Trading officially began today on Trump Accounts, the new children’s investment program that launched this past Saturday. President Donald Trump joined the heads of the nation’s two major stock exchanges in the Oval Office for a bell-ringing ceremony — a first for either exchange.
The program was created under last year’s tax and spending package. Every U.S. citizen child born between 2025 and 2028 qualifies for a one-time $1,000 deposit from the Treasury. The money is invested in an S&P 500 index fund. Parents can contribute up to $5,000 a year or more, and the funds cannot be withdrawn until the child turns 18.
The Treasury Department says more than 6 million accounts have already been set up, but only 1.4 million of those children qualify for the government’s $1,000 deposit because the benefit is limited to a narrow birth-year window.
The goal is long-term wealth building for every child, but whether it reaches the families who need it most remains an open question.
Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.
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