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🇺🇸BREAKING: @TrumpAccounts may soon be expanded to all Americans under 40, which would add ~100M more potential account holders on top of the current 70M kids and 3.5M babies born each year. The proposal would allow funds to be used for retirement, education, and entrepreneurship, and private donations could reach $100B by the end of 2027, with @ElonMusk already planning to give each U.S. child a share of @SpaceX through the program. The expansion talk comes from Brad Gerstner @altcap, the main person driving the policy effort.
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Through @TrumpAccounts, @POTUS is helping a new generation of Americans enter our economy with both a stake in its future and the knowledge of how to thrive in it. At today's Financial Literacy and Education Commission meeting, I was pleased to discuss how the most successful program launch in government history will unleash a financial literacy boom. 7 million children have already enrolled in Trump Accounts, 86 percent of whom are from families earning less than $200,000. Financial markets are now personally meaningful to an entirely new class of shareholders. And that experience will be reinforced by fifteen learning modules tailored to each age group. As financial products and services continue to evolve, Trump Accounts will ensure that financial education evolves with them.
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.@MichaelDell on @TrumpAccounts: "We believe the most important investment that can be made is in our children. About 38% of families and households have no stock at all and participation in the upside of America... If a parent has not claimed the account for their child, they should go and claim it."
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To celebrate 70 MILLION @TrumpAccounts - sending out thousands of Sunday bonus gifts to kids who have sent me their QR codes. So many that I had to enlist @Muse & @bot to make it easy! 70 M new owners compounding on Team USA. 🇺🇸🚀
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We're building @TrumpAccounts to become the default vehicle for philanthropic giving in the US. Right now, if you are interested in giving, you have to navigate complex rules and regulations, not to mention evaluate individual charities and validate whether the money is actually going where advertised, and how efficiently. @TrumpAccounts let donors put capital directly into investment accounts owned by American children, with fewer layers between the gift and the child. You know where the money goes. The child owns the assets. There are no fees. And the portfolio compounds at market rates for years. That's a powerful model for giving and has the potential to positively transform philanthropy in America.
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I started the Invest America Act / @TrumpAccounts w my kids @LincGerstner & @JackGerstner_ around a simple dream - that EVERY child / every citizen should directly own a piece of America’s great economic upside. 3.7 M kids getting investment acccts at birth each yr seeded w $1000. I am grateful for the amazing bi-partisan support - and the vision & courage of @realDonaldTrump that made them a reality. 8 million kids today have accts & soon will be all 73 MILLION kids directly owning a piece of America’s best companies. Today it was our family’s great honor to pay it forward to kids in Indiana - a state that has given so much to me. And it was especially fun to get this note from my niece - a school teacher in Indiana - & to know how much this means to her daughter Memphis. 🇺🇸🤍🚀
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🇺🇸BREAKING: @POTUS publicly thanked @ElonMusk for his role in @TrumpAccounts, noting Musk’s contribution of 1 @SpaceX share to each child. @realDonaldTrump said the program has ~80M recipients and is rising rapidly, calling it one of the most successful things people have seen in government. He added the administration is exploring a separate alternative for adults.
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The Social Security Act of 1935 is to labor what the Invest America Act / @TrumpAccounts are to capital. Universal Capital Accounts are now an American birthright that will compound & supplement labor in the Age of AI. Every child a private shareholder in America’s upside. 🇺🇸🚀
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