American families deposited nearly $125 million into Trump Accounts during the first five days of personal contributions, according to Treasury Department figures released Thursday.
The program, enacted last year as part of President Donald Trump’s One Big Beautiful Bill Act, allows families to build tax-deferred investment accounts for children.
Contributions opened Saturday on the 250th anniversary of American independence. In that period, families opened another 500,000 accounts, bringing the total to more than 6.5 million.
Of the $125 million in new deposits, 70% were under $250 and 60% were under $100. Officials said the distribution shows participation across income levels.
The government provides a $1,000 seed deposit for each child born between Jan. 1, 2025, and Dec. 31, 2028. Treasury officials said 1.4 million claimed accounts qualify for this payment, which cannot be accessed until the beneficiary turns 18.
Families, relatives, friends, and employers may contribute up to $5,000 per account annually. The accounts function as long-term investment vehicles, with withdrawals permitted after age 18.
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The program has also drawn private support. Michael Dell and his wife Susan committed $6.5 billion, which will add $250 to 25 million accounts for children under 10 in ZIP codes with median household income below $150,000.
App Outperforms Government Tech Precedents
The Trump Accounts mobile app reached the top spot in the Apple App Store and holds a 4.75-star average rating from nearly 3,500 reviews. This performance exceeds that of several established financial apps, including Robinhood.
Administration officials acknowledged isolated technical issues but said…
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