👥 HR & Workplace🌐 Global
US Government Launches 'Trump Accounts' — $1,000 for Babies Born in Trump's Second Term
Fast Company·Saturday, 4 July 2026
The Trump administration has launched a program called Trump Accounts, giving around 1.5 million American babies $1,000 each in savings accounts. The program is open to children born during President Trump's second term, with parents or legal guardians able to open the accounts. It was rolled out to coincide with America's 250th Independence Day celebrations.
Why It Matters
This is a major new US social spending program that sets a precedent for government-seeded child savings, a concept debated in many countries including India.
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