While touting the program, Trump has also repeatedly suggested that children from homes with “essentially no money” could become “very rich” with the Trump accounts. But financial experts say it’s unlikely that parents in low-income households would be able to afford to contribute enough for their children’s accounts to reach hundreds of thousands of dollars by the time they reach adulthood. “Think of it, children that are born without money, without any money. Great parents, they can have — everything can be great, but they have no money. They can become very wealthy children at 18,” Trump said on July 6.
Parents, relatives, friends, employers, state governments, philanthropic organizations, and individuals can contribute to these accounts until a child turns 18, up to a combined annual limit of $5,000 per account.
Not everyone has embraced the program; Democratic Rep. Bennie Thompson of Mississippi posted on X on July 6, “It’s safe to say, I would pass on a Trump account.” Thompson said, “Trump University already taught us what happens when his name is on the brochure.”
But experts say those who eschew the accounts for their children could be leaving free money on the table.
As part of the One Big Beautiful Bill Act, which Trump signed into law on July 4, 2025, the federal government will seed new accounts with $1,000 for children born between Jan. 1, 2025, and Dec. 31, 2028, who have a valid Social Security number. (Parents can open accounts for older children, but they won’t get the $1,000.) In addition, the first 25 million children under the age of 10 and residing in a ZIP code with a median income of $150,000 or less will receive an additional $250, which was funded by Michael and Susan Dell’s donation of $6.25 billion to these investment accounts.
Even if donors don’t contribute anything, that seed money could grow to several thousand dollars by the time a child reaches adulthood.
