Today is an important day for Trump Accounts.
When I wrote this legislation, we had a simple goal: every child in America should have the opportunity to begin life with an investment account and a stake in the extraordinary economic engine that is the United States of America.
That is why I deliberately drafted the legislation to provide for auto-enrollment—so Treasury could open accounts for all 70 million American children under the age of 18.
For children born between January 1, 2025, and December 31, 2028, the federal government will make a one-time $1,000 contribution to get them started.
But the bigger idea here goes far beyond that first $1,000.
For decades, we’ve talked about how to teach young Americans the value of saving, investing, and building wealth. Trump Accounts actually gives them the tools to do it.
When a young person turns 18 and looks at an account that has been growing alongside them their entire life, capitalism is no longer an abstract concept.
They’re an investor. They’re an owner. They have skin in the game.
And my hope is that, decades from now, we look back at Trump Accounts as the beginning of an entire generation of Americans who became investors and owners from childhood.
There is incredible momentum behind these accounts, and we are seeing more and more companies pledging to contribute to their employees’ accounts, which will only continue to help the next generation of Americans.