POLITICS

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.

Prepared by Lauren Mitchell and reviewed by editorial team.

Timeline of Events

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 This Matters to You

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.

The Bottom Line

The Working Families Tax Cuts Act is making long-term savings more accessible for millions of American families. It's a step towards financial security for the next generation. Worth forwarding if you know a young family who could benefit.