Your Child Could Get $1,000 With a New Trump Account and Major U.S. Employers Pledge to Match It
JPMorgan Chase, Intel, Nvidia, IBM, Bank of America and Wells Fargo are among a growing list of major corporations pledging to match a new $1,000 government contribution to children’s investment accounts under President Donald Trump’s flagship “Trump Accounts” initiative. The announcements mark a significant expansion of private-sector participation in a program the administration says could eventually channel trillions of dollars into long-term savings for young Americans.
What Are ‘Trump Accounts’?
Trump Accounts are tax-advantaged investment accounts created for U.S. children, designed to encourage long-term saving and stock market participation from birth. As part of a federal pilot program, the U.S. Treasury will deposit a one-time $1,000 contribution into an account for every eligible child born between Jan. 1, 2025, and Dec. 31, 2028.
Funds are invested in low-cost U.S. equity index funds and cannot be accessed until the child turns 18, except under limited circumstances.
Major Companies Commit to Matching Contributions
JPMorgan Chase, Bank of America and Wells Fargo said Wednesday they will match the Treasury’s $1,000 contribution for eligible employees’ children. The matching contributions will be offered as part of employee benefits packages, effectively doubling the initial investment for qualifying families.
The banks join other financial firms that have already pledged support, including BlackRock, BNY, Robinhood, SoFi and Charles Schwab.
Intel, Nvidia, Broadcom, IBM, Steak ’n Shake, Coinbase, Continental Resources and Comcast and several other companies have signed up for contributions.
Jamie Dimon Cites Long-Term Financial Security
In a statement, JPMorgan Chase CEO Jamie Dimon framed the move as an extension of the bank’s focus on employee financial well-being.
“By matching this contribution, we’re making it easier for families to start saving early, invest wisely, and plan for their family’s financial future,” Dimon said, noting the firm employs more than 190,000 people in the U.S.
Treasury Predicts Widespread Adoption
Treasury Secretary Scott Bessent said the administration expects the program to reach scale quickly. Bessent said roughly 600,000 families have already signed up since the program formally launched and predicted as many as 25 million Americans could eventually participate.
The pilot program automatically seeds accounts for newborns with a Social Security number, while family members can contribute up to $5,000 per year.
Employers Expand the Program Beyond Washington
Beyond Wall Street, dozens of major employers have pledged to make Trump Account contributions for their workers’ children. Companies including Uber, Intel, Nvidia, Hearst and Comcast have committed to employer donations of up to $2,500 per employee per year, according to the White House.
President Trump said the employer matches reflect growing private-sector enthusiasm for the program’s goals.
Wealthy Backers Add Private Donations
The initiative has also attracted support from prominent philanthropists and business leaders. Michael and Susan Dell have pledged billions in supplemental funding for children in lower-income ZIP codes, while investor Ray Dalio and venture capitalist Brad Gerstner have announced additional targeted contributions.
Celebrities, including rapper Nicki Minaj, have publicly endorsed the program and committed to donating, further amplifying its visibility.
How Much Could Accounts Be Worth?
According to the Council of Economic Advisers, a child born in 2026 could accumulate as much as $300,000 by age 18 and up to $1.1 million by age 28 under average market returns if maximum annual contributions are made.
Without additional contributions beyond the government’s $1,000 seed, the account could grow to roughly $18,000 by age 28, based on long-term market assumptions.
Supporters Say Accounts Narrow the Wealth Gap
Backers argue Trump Accounts could help address wealth inequality by introducing children to investing regardless of family income. Hedge fund manager Brad Gerstner has described the initiative as a way to make “every child in America a capitalist from birth.”
Administration officials also say the accounts offer a universal alternative to targeted welfare programs by giving all families a stake in economic growth.
Critics Warn of Unequal Benefits
Critics counter that the accounts could widen the wealth gap, since higher-income families are more likely to afford the maximum $5,000 annual contributions. They argue the program functions as a tax-advantaged savings vehicle for affluent households while offering limited immediate relief to families struggling with basic expenses.
Others note that the accounts do not address childhood poverty directly, as funds cannot be accessed until adulthood.
A Signature Economic Policy Takes Shape
The Trump Accounts program was included in the president’s sweeping tax legislation last year with no income caps or eligibility restrictions beyond citizenship and birth year. The administration says it represents a long-term investment in American families, even as broader economic concerns around affordability and inflation persist.
With major employers now pledging matching contributions, Trump Accounts are quickly becoming one of the most ambitious public-private savings initiatives in modern U.S. history.
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IRS Opens Tax Filing Season Today as Trump Tax Law Promises Bigger Refunds and Changes to Your Paycheck
The Internal Revenue Service officially opened the tax filing season today, Monday, January 26, as millions of Americans file their first returns under President Donald Trump’s One, Big, Beautiful Bill; a sweeping tax law that could deliver larger refunds for many middle-income households. New deductions, expanded child tax credits, and updated IRS withholding rules ensures most filers will see bigger refund checks this spring, and future paychecks may also change as employers adjust to the new tax landscape.
‘Too Big to Save’: Big Short Investor Michael Burry Issues Dire Warning on AI Mania
Michael Burry, the investor made famous by The Big Short, is sounding one of his starkest alarms yet; this time on artificial intelligence. Burry says the AI boom has all the hallmarks of a historic bubble and warns that when it bursts, the damage could ripple through markets and the broader economy in ways policymakers won’t be able to stop.
‘Too Big to Save’: Big Short Investor Michael Burry Issues Dire Warning on AI Mania
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John Dealbreuin came from a third world country to the US with only $1,000 not knowing anyone; guided by an immigrant dream. In 12 years, he achieved his retirement number.
He started Financial Freedom Countdown to help everyone think differently about their financial challenges and live their best lives. John resides in the San Francisco Bay Area enjoying nature trails and weight training.
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