Treasury Secretary Scott Bessent announced the Trump Accounts program’s successful launch, enrolling 7 million children, 86% from families earning less than $200,000. The initiative provides $1,000 seed investments to every child born during the President’s term and allows U.S. citizens under 18 to start tax-advantaged savings accounts. Bessent emphasized addressing financial literacy gaps, noting 38% of households lack equity market exposure and two-thirds of Gen Z Americans struggle with basic financial questions. The program includes 15 learning modules tailored to age groups and parents, available via the Trump Accounts app. Bessent highlighted the initiative’s potential to create a ‘financial literacy boom’ by connecting families to market opportunities and ensuring education evolves with financial innovation.
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