Overview
- The Treasury formally launched Trump Accounts on July 4, 2026, and the app and website are now accepting registrations and contributions for children under 18.
- Qualified U.S. citizens born Jan. 1, 2025 through Dec. 31, 2028 receive a one‑time $1,000 Treasury deposit that is held in a custodial, tax‑deferred 530A account until the beneficiary turns 18.
- At launch all contributions are being invested by default in the State Street SPDR S&P 500 ETF while Treasury says parents will be able to choose other low‑cost U.S. index funds in the coming months.
- Private support is large and public: the Michael & Susan Dell Foundation has pledged $6.25 billion for targeted $250 boosts, Micron pledged $250 million, and dozens of companies and employers have announced matches or contributions.
- Policy experts warn the program may mainly benefit families who can add regular contributions and could direct long‑term flows to big ETF providers and custodians, while Treasury moves to simplify newborn enrollment through Social Security processes.