President Donald Trump has proposed a new initiative called the “Trump accounts,” aimed at strengthening long-term financial security

for American families. Under the plan, every U.S. citizen born between 2025 and 2028 would receive a one-time $1,000 government investment

into a tax-deferred account linked to the stock market. Parents could add up to $5,000 annually, with control transferring to the child at adulthood.

Part of Trump’s broader “big, beautiful bill,” the accounts are designed to build wealth from birth, with potential growth similar to IRAs or 401(k)s.

A $1,000 investment could grow to $4,000 over 20 years with a 7% return. The program could serve 15–16 million children, costing $15 billion initially.

Critics, including Elon Musk, argue the plan increases federal spending and is funded by cuts to Medicaid, SNAP, and stricter eligibility

for undocumented immigrants and those receiving gender transition care. Opponents warn this could lead to millions losing healthcare access.

The bill also includes temporary tax breaks, like deductions for tipped workers, car loan interest, and a child tax credit boost.

Though it passed the House, it faces Senate resistance over cost and social program cuts. If passed, the Trump accounts

would represent a major shift in government-backed wealth-building efforts.