New Trump Accounts for Infants Launching July 4Th

WHO:

Bloomberg - Sarah Foster, David Gura, Christina Ruffini

5 EYEWITNESS NEWS - President Donald Trump, Nicole Middendorf, Christina Santos

WHAT:

Bloomberg - Trump Accounts provide a $1,000 government-funded investment for eligible children.

5 EYEWITNESS NEWS - Trump Accounts open with a focus on boosting financial independence for American kids.

5 EYEWITNESS NEWS - Children born between January 1, 2025, and December 31, 2028, qualify for the $1,000 contribution.

5 EYEWITNESS NEWS - Children born between 2016 and 2024 do not qualify for the $1,000 contribution but may receive $250 if living in a qualifying ZIP code.

5 EYEWITNESS NEWS - Treasury Department figures show more than 6 million kids have already signed up for Trump Accounts.

WHERE:

5 EYEWITNESS NEWS - The program is available to families across the United States.

WHEN:

5 EYEWITNESS NEWS - Trump Accounts launched on July 4.

WHY:

5 EYEWITNESS NEWS - The initiative aims to provide families with a new savings option and promote financial independence for children.

HOW:

5 EYEWITNESS NEWS - Families, friends, and relatives can contribute up to $5,000 a year into a child’s Trump Account.

5 EYEWITNESS NEWS - The process to open an account is described as taking only minutes.

(UPDATED July 5, 2026 17:21 UTC)

President Trump has launched a new initiative called Trump Accounts, which provides a $1,000 government-funded investment for eligible children to promote their financial independence. Children born between January 1, 2025, and December 31, 2028, qualify for this contribution, while those born between 2016 and 2024 may receive $250 if they live in a qualifying ZIP code. Families across the United States can open these accounts in just minutes, with the option for relatives and friends to contribute up to $5,000 a year.