What are Trump Accounts for? They are more likely to help newborns start building nest eggs than help pay for their college education

By: Jay L. Zagorsky, Boston University, The Conversation

Outlets: The Conversation

Published: July 17, 2026

Words: 1,422

Last Updated: 2 days, 9 hours ago

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By Jay L. Zagorsky, Boston University

If you or someone you know has a baby or a child under 18, you’re likely wondering if they should get a “Trump Account.”

The U.S. government started giving babies born during President Donald Trump’s second term a US$1,000 gift on July 4, 2026. This money goes into the accounts, which are named after the president. To get the free money, the babies’ parents or guardians just have …

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