WASHINGTON — Vice President JD Vance took to X on Monday to publicly thank President Donald Trump and Treasury Secretary Scott Bessent following the landmark launch of Trump Accounts, a federal program that deposits $1,000 directly into an investment account for every American child born during the Trump presidency — a policy Vance called a direct stake in the future of the country.
“In the Trump Administration, we believe every American child should have a stake in their country’s future,” Vance wrote in the post, published at 5:36 PM on July 6, 2026. “One way we’re making that happen is through Trump Accounts, which give $1,000 to every American child born between January 1, 2025 and December 31, 2028. Trump Accounts make it easy for parents to set their children up for success — with a simple app and a policy designed to benefit hardworking American families. Thank you, President Trump and our great Treasury Secretary @SecScottBessent!”
A Historic Launch from the Oval Office
The vice president’s remarks came on the same day President Trump rang the opening bells of both the New York Stock Exchange and the Nasdaq from the Oval Office — a historic first, marking the official launch of Trump Accounts and what the White House described as a new era of American prosperity for millions of children.
Key leaders from government and the private sector joined President Trump for the milestone ceremony. Trump stated at the event: “With the ringing of the opening bell for the stock market, [Trump Accounts] will now begin to grow right along with our booming economy… Between individual contributions and the seed funds, $800 million in new capital will be invested in the stock market for America’s children this week.”
Treasury Secretary Scott Bessent declared at the event: “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, President Trump is creating an ownership economy where all citizens become shareholders.”
500,000 Children Already Receiving Deposits
By the morning of July 6th, the numbers were already significant. President Trump announced the government had deposited the first $1,000 into more than 500,000 Trump Accounts. The official White House release confirmed that more than six million Trump Accounts have already been requested, with over 86% coming from families earning less than $200,000 annually.
Nearly 6 million Trump Accounts have been opened in total, with 1.4 million eligible for the $1,000 pilot program contribution. The accounts are free to open for every U.S. citizen under the age of 18, with the automatic $1,000 seed investment reserved for children born between January 1, 2025, and December 31, 2028.
How the Accounts Work
Trump Accounts became available for initial deposits on July 4, 2026 — the 250th anniversary of the U.S. Declaration of Independence. Contributions are automatically invested in a low-cost index fund tracking the performance of the S&P 500, designed for long-term growth. Account holders take control when they turn 18, at which point they can withdraw the funds for specific purposes such as paying tuition, starting a business, or making a down payment on a home. Gains will be taxed upon withdrawal.
Parents can contribute up to $2,500 annually in pretax income, much like retirement accounts. Parents’ employers, relatives, friends, local governments, and philanthropic groups can also contribute. Yearly contributions are capped at $5,000, though contributions from governments and charities do not count toward that total. The Council of Economic Advisers estimates a Trump Account funded only with the government’s $1,000 seed money and no further contributions would be worth approximately $5,800 by the time the child reaches adulthood.
Major Companies Pledge Support
The program has drawn significant corporate backing. Over 50 companies have committed to Trump Account contributions for children of their employees, answering President Trump’s call to invest in the next generation of Americans. Participating companies include payment giant Visa, technology company Dell, media and telecom firm Comcast, and chipmaker Micron, which pledged $250 million to support the program.
Michael and Susan Dell announced they would donate $6.25 billion to fund Trump Accounts for up to twenty-five million children, providing $250 each for children below eleven years old who live in ZIP codes where the median family income is $150,000 or less.
“Donald Trump’s New Deal”
Republican Senator Ted Cruz of Texas, who participated in the launch ceremony, framed the program in sweeping terms. “Trump Accounts are, in many ways, Donald Trump’s New Deal — but instead of having government taking care of everyone, Trump Accounts are about making every child and every American a capitalist. Every one of our kids is now going to be an owner of the biggest producers in our country,” Cruz said.
NYSE Group President Lynn Martin added: “For the last couple of days, we have celebrated the thing that makes this country unstoppable, and that is our freedom — and out of freedom is born the American Dream. And today, under your leadership, is the purest manifestation of that American Dream.”
The Treasury Department’s Role
The U.S. Department of the Treasury has been central to the program’s rollout. On July 4th, Treasury Secretary Bessent declared: “Trump Accounts are now live, giving every child a stake in the American Dream from day one thanks to President Trump.” The department also launched a dedicated app — available on all major mobile platforms — which parents can use to manage, fund, and track their children’s accounts. Families can also access the program through TrumpAccounts.gov.
Treasury reminded families to remain vigilant against scams and fraud as account activation emails began rolling out in phases ahead of the formal July 4th launch date.
Critics Raise Concerns
The program has not been without opposition. Critics argue that families with limited disposable income may be unable to make additional contributions and may not benefit fully from the accounts. Some financial experts caution that other investment vehicles — such as 529 savings plans, Roth IRAs, or custodial brokerage accounts — offer more flexible tax advantages. Opponents also contend that the Trump Accounts fail to offset cuts the administration and congressional Republicans made to other programs benefiting young people and families, including food assistance and Medicaid — programs reduced in the same One Big Beautiful Bill Act that created Trump Accounts.
Part of Broader Tax Legislation
Trump Accounts were created as part of President Trump’s Working Families Tax Cuts Act, signed into law one year ago. The legislation’s first-year results show nearly 70% of filers who received a tax cut earned less than $100,000, and more than 127 million taxpayers benefited from the permanently doubled standard deduction. The administration has framed Trump Accounts as a cornerstone of its broader economic agenda — one designed to ensure that working-class and middle-class families, not just the wealthy, have a vehicle for building generational wealth from a child’s first days of life.