Trump Accounts Set to Launch in July Giving Kids Tax-Advantaged Savings

A new program called "Trump Accounts" will launch in July 2026, providing tax-advantaged investment accounts for U.S. citizens under the age of 18. Each child born between January 1, 2025, and December 31, 2028, will receive $1,000 deposited into a long-term savings account, overseen by parents until the child turns 18.

When the child reaches adulthood, the funds can be used for higher education, a home purchase, or starting a business. The program is intended to improve financial literacy by giving young people real-world investing experience.

The U.S. Treasury's Financial Literacy and Education Commission, chaired by the Secretary of the Treasury, has been working on the initiative. Treasury Secretary Scott Bessent highlighted the accounts at a public meeting in February 2026, calling them a key part of advancing financial literacy.

The White House issued a presidential message during National Financial Literacy Month in April 2026 encouraging citizens to improve their financial knowledge. The message pointed to the Trump Accounts and the expansion of free financial education resources through the Treasury Department.

The Office of the Comptroller of the Currency has published details about the program in its Spring 2026 Financial Literacy Digest. The Federal Deposit Insurance Corporation is also promoting related financial education resources for young people.

Critics of the program have raised questions about funding and long-term sustainability. Supporters say the accounts could help close the financial literacy gap, which remains significant. A 2025 survey found that U.S. adults correctly answered only 49 percent of questions on a standard personal finance index.