What Parents Need to Know About Trump Accounts
18 Articles
18 Articles
What parents need to know about Trump Accounts
There has been a lot of attention paid to the new Trump Accounts — especially the promised $1,000 federal government contributions for eligible newborns and the public declarations by companies and philanthropists that they will be making contributions, too.
Lummis Announces Kraken Will Fund Trump Accounts For Every Wyoming Newborn In 2026
U.S. Sen. Cynthia Lummis told the Wyoming Senate on Monday that Kraken, the cryptocurrency exchange that moved its global headquarters to Cheyenne last year, will sponsor Trump $1,000 Accounts for every child born in Wyoming in 2026.
The millionaires and billionaires pledging to fund Trump accounts
Michael Dell, seen here beside President Trump, is among the wealthy individuals pledging to fund the accounts.Brendan Smialowski / AFP via Getty Images"Trump Accounts" are set to launch in July.American children born between 2025 and 2028 are eligible for $1,000 from the federal government.A handful of wealthy individuals are also planning to make contributions to the accounts.A handful of very wealthy people want to give your children free mon…
The Trump administration is preparing to launch the first-ever federal investment account for children—the Trump accounts—to help the next generation of Americans have access to funds when they are young, for purposes such as starting a business, buying a house, or education.
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