United States launches nationwide 'Trump Accounts' savings app
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The U.S. Department of the Treasury on July 5, 2026, launched the nationwide “Trump Accounts” mobile application, expanding access to federally backed investment accounts for minors under 18. Created by the Working Families Tax Cuts Act, signed by President Donald Trump on July 4, 2025, the program aims to build long-term savings for children who hold valid Social Security numbers. A one-time $1,000 federal seed payment is available to eligible U.S. citizen children born between January 1, 2025, and December 31, 2028. Treasury officials report that more than 6 million children are enrolled, with over 1 million families receiving the pilot contribution.
More context
Timeline
- Jul 4, 2025 Trump signs Working Families Act
- 2025 Law establishes federal youth savings framework
- Jan 1, 2025 Eligibility window for births begins
- Dec 31, 2028 Eligibility window for births ends
- Jul 4, 2026 Eligible children start receiving $1,000
- Jul 5, 2026 Treasury launches Trump Accounts app
- By Jul 5, 2026 Six million children reportedly enrolled
- By Jul 5, 2026 One million families receive pilot
Why it matters
The "Trump Accounts" app could be a game-changer for your child's future. If your child was born between 2025 and 2028, they're eligible for a $1,000 federal seed payment. Check if you've received the pilot contribution. This could be a head start on college savings or a down payment on their first home.
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