The Trump Accounts program allows for the establishment of savings accounts for American children under the age of 18, specifically targeting those born between December 31, 2024, and January 1, 2029. Each eligible child will receive an initial government contribution of $1,000. Parents can add up to $5,000 annually, and employers can contribute up to $2,500 per year without affecting the employee’s taxable income. Projections from the Council of Economic Advisers suggest that if maximum contributions are made, a child born in 2026 could see their account grow to $303,800 by age 18 and $1,091,900 by age 28, illustrating the potential long-term financial benefits of this initiative.

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