washington dc33 minutes ago
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Trump holding two children in his lap during a rally.
Children born in America will be given $1,000 (92 thousand rupees) by the government. This amount will be deposited in a special account to be opened in the name of the children. This scheme was started by President Donald Trump last year. Now it has started getting support from big companies of America.
This scheme is called ‘Trump Account’. According to the White House, this will be a tax-free savings account in which the government will make initial investments for the future of children.
The amount deposited in this account will be invested in the stock market so that it can grow over time. The benefit of this scheme will be available to those children who will be born in America between January 1, 2025 and December 31, 2028.
Now many big companies are also coming forward in this scheme. Bank of America and JPMorgan Chase have announced they will deposit matching amounts of $1,000 into the Trump accounts of their employees’ children, just like the government.
US President Donald Trump announces the Trump Account with Dell Technologies CEO Michael Dell and his wife Susan Dell at the White House on December 2, 2025.
Trump said- Our government is giving economic freedom to every child.
Trump said, “Every president has just given our next generation a loan, but our government will give every child a chance at real wealth and economic freedom.” He appealed to employers to contribute to the Trump account for their employees. 92 thousand will be given only to children born during the Trump administration. No matter the immigration status of the child’s parents, any parent can open an account. Accounts can be opened for elder children, but they will not get the amount.
Supporters said – With this, poor children will also get a share of America’s wealth.
Supporters say that this will allow more people to join the stock market and children born in poverty will also get a share of America’s wealth. This will promote capitalism, especially as socialist ideas are on the rise.
Investor Brad Gerstner said, ‘The answer to socialism is capitalism, making every child a capitalist from birth.’ Only 58% of American households owned stocks or bonds in 2022 and the richest 1% owned more than half the value.
Earlier, programs like ‘Baby Bonds’ were running in places like California, Connecticut and Washington DC, but they were only for poor or foster care children.
Critics said – this benefits the rich and harms the poor.
Critics say the program does not help children in their early years, when they are most vulnerable to poverty and vulnerability. Schemes like food assistance and Medicaid have been cut in the Trump tax bill itself.
Richer households will benefit more by contributing more, while poorer households will be able to contribute less and benefit less. If we assume 7% annual return on government money of Rs 92 thousand, then after 18 years it will become approximately Rs 3,10,960.
Trump will provide financial assistance to children born during his tenure.
Companies will give equal amount to the government to the children of employees
JPMorgan Chase CEO Jamie Dimon said his company has long worked to protect the financial security of its employees and their families. He said this contribution will help employees start saving early and plan for their family’s future.
Bank of America also said it would match the government’s $1,000 contribution into the accounts of the children of its eligible employees. Along with this, the bank will provide this facility to the employees.
Many companies are also joining this initiative. Intel has said that it will also deposit an amount equal to that of the government in the accounts of the children of its employees. Visa has announced that it will allow its credit card holders to deposit money into their Trump account using their rewards points.
Additionally, Erica Kirk, CEO of Turning Point USA organization, has said that her organization will also match the government’s contribution of $1,000 for the newborn children of its employees.
Trump surrounded by children in the Oval Office. The picture is from 2018.
Money can be withdrawn when the child completes 18 years
In December, technology entrepreneur Michael Dell and his wife Susan Dell announced that they would donate $250 per child to the Trump account of 25 million American children, totaling $6.25 billion.
Companies like Charles Schwab, BlackRock, BNY and Charter Communications have also already announced their support for the plan. At a Treasury Department event on Wednesday, President Trump also appealed to other American companies to contribute to their employees’ Trump accounts.
He said that this scheme will help people to save for buying a house, children’s education, retirement and other needs. According to the Trump administration, families will be able to start depositing money into the Trump account starting July 4.
In addition to the $1,000 amount from the government, a maximum of $5,000 can be deposited into a child’s account each year. Generally, money cannot be withdrawn from this account before the child turns 18 years old.
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