If you gave birth after Jan. 1, 2025, your baby could become a millionaire with a new $1,000 savings account created by the Trump administration.
The federal government will deposit $1,000 into “Trump Accounts” to be invested in the stock market.
“For the first time ever we’re going to give every newborn American child a financial stake in the future,” Trump said recently.
To qualify for the Trump Account, your baby must be a U.S. citizen born between January 1, 2025 and December 31, 2028, and have a Social Security number.
Parents can open an account for their baby at a bank. Then the U.S. Treasury will contribute $1,000 into the account.
JPMorgan Chase, Intel, Bank of America and other corporations have pledged to match the government’s $1,000 deposit for each child.
Rapper Nicki Minaj (right) vowed to invest hundreds of thousands of dollars to support the children of her fans.
Erika Kirk’s Turning Point USA has also pledged to match the government’s deposits “dollar-for-dollar”.
Children won’t be able to access their savings accounts until they turn 18.
Your baby’s savings account could have a balance of over $5,000 this year alone.
Parents and businesses can contribute up to $5,000 annually. The account balance could swell to over $1 million by the time your child is 29!
Visa has announced a program that allows cardholders to deposit their cash-back rewards into their baby’s account.
Investment experts say that Trump Accounts could be the largest transfer of wealth in American history.
The deposits will begin in July 2026. Children won’t be able to access their savings accounts until they are 18.
There is no truth to the rumor that parents must be registered Republicans to receive $1,000 deposits from the government and corporations.
