Approximately 7 million children have enrolled in the Trump Accounts program since its July 4 launch, up from 6.5 million earlier this month. Treasury Secretary Scott Bessent described it as the most successful launch in government history. Established through Trump’s « big beautiful bill, » the program provides a one-time $1,000 deposit to children born from 2025 through 2028, with annual contributions up to $5,000 per child invested in S&P 500 tracking ETFs. According to a McKinsey analysis, the initiative could generate between $80 billion and over $900 billion in long-term asset accumulation over the next decade.
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