Trump Accounts Launch for Newborns | US News

Starting July 4th, newborns in the U.S. will automatically get a “Trump Account” — a government-backed savings plan — when parents sign hospital paperwork for their baby’s Social Security number. Congress created these accounts to help kids save and invest from birth, with $1,000 deposited for babies born between Jan 1, 2025, and Dec 31, 2028. Families, friends, and even businesses can add up to $5,000 yearly, invested in U.S. stock funds and locked until age 18. Publicly traded stocks can also be contributed, opening doors for philanthropy. Parents of older kids can still sign up online, but the hospital rollout aims to capture millions of babies right at birth — and those with existing accounts will see their first deposit this Saturday. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b54ae76b1e926767