by Ben Whedon
President Donald Trump on Monday celebrated the launch of Trump accounts, saying that more than 6 million Americans had signed up for the project.
Earlier in the day, he formally rang the bell to open the New York Stock Exchange and NASDAQ from the White House as part of a ceremony marking the launch.
“Already, more than 6 million Americans have signed up for Trump accounts—and we’ve just started—many of which are receiving a one-time seed contribution of $1,000…. the Trump Accounts could grow to hundreds of thousands of dollars by the time they reach 18,” he said.
Treasury Secretary Scott Bessent said, “The American Dream belongs to every child, and today we are equipping the next generation with the right to claim their rightful share of it. Through Trump Accounts, [Trump] is creating an ownership economy where all citizens become shareholders. 38 percent of American families do not have any exposure to our great equity markets, but with Trump Accounts, over time, we can get that number to zero.”
Trump accounts are investment accounts funded by the U.S. Treasury for Americans born under his term. Private contributions have swelled, with billionaires like Dell CEO Michael Dell, making major contributions to help fund additional accounts. Numerous companies have made investments in the Trump accounts, including Microsoft, Bank of America, BlackRock, Visa, Wells Fargo, and Micro, which donated $250 million.
The funds will be invested and made available to the account owner when they turn 18.
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Ben Whedon is a reporter for Just the News. Zachery Schmidt is the digital editor of The Star News Network and contributed to this story.
Photo “Donald Trump” by The White House.
