Millions Sign up for Trump Accounts, but Will Employers Also Contribute?
Employers are waiting for Treasury guidance as more than 6.5 million families sign up and some companies pledge tax-free contributions.
- More than 6.5 million families have signed up for Trump Accounts since the program's official July 4 launch, according to the Treasury Department.
- Created by the One Big Beautiful Bill Act last year, the initiative seeds accounts for eligible children with $1,000 to foster financial literacy and appreciation for capitalism.
- Bank of America, Chipotle, Dell, and Uber are among the 55+ companies pledging contributions, though many employers remain hesitant, awaiting further Treasury guidance.
- Employers seek clarity on operational procedures, including payroll deductions and non-discrimination rules, though Dorian Smith, a leader with Mercer's law and policy practice, noted, "I don't believe it's going to move the needle at all."
- The Treasury expects to roll out additional investment options in the coming months, allowing families to allocate funds across diversified indexes to build long-term wealth.
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The Oregonian
Michigan Live7 million Trump Accounts opened: How to start yours and get $1,000
More than 7 million Trump Accounts – the newly launched savings accounts for American children – have been established since they launched earlier this year, according to the White House.
Millions sign up for Trump Accounts, but will employers also contribute?
More than 6.5 million families have signed up for Trump Accounts, a new savings program for U.S. children launched on July 4, Fortune reports. While the accounts have attracted many families, only about 55 companies have announced plans to contribute on behalf of employees’ children, including Bank of America, Chipotle, Dell and Uber. Under the One Big Beautiful Bill Act, employers can contribute up to $2,500 per year tax-free to these accounts…
Major CEO Predicts Another $100 Billion Is Heading Toward Trump Accounts
Brad Gerstner, the CEO of Altimeter Capital, is predicting that another $100 billion in private commitments are likely to flow into Trump Accounts over the next year. Trump Accounts, which […] The post Major CEO Predicts Another $100 Billion Is Heading Toward Trump Accounts appeared first on The Western Journal.
NEWS HEADLINES: Bessent: 7M enrolled in Trump Accounts in ‘most successful launch in government history’ – One America News Network
U.S. President Donald Trump arrives on stage before delivering remarks during the Treasury Department’s Trump Accounts Summit at Andrew W. Mellon Auditorium on January 28, 2026 in Washington, DC.(Photo by Win McNamee/Getty Images). OAN Staff Lillian Mann5:50 PM – Monday, July 27, 2026 Treasury Secretary Scott Bessent declared that Trump Accounts mark the “most successful launch in government history,” as enrollment has reached seven million. Tru…
Trump Accounts can be 'antidote' to socialism by teaching young Americans about capitalism: Treasury official
A Trump administration official is touting the recently launched Trump Accounts as a means to boost young Americans' financial literacy and appreciation for capitalism by giving them experience that draws them away from "poisonous ideologies" such as socialism.Comptroller of the Currency Jonathan Gould spoke at a planning meeting for the Financial Literacy and Education Commission on Tuesday and said in remarks reviewed exclusively by FOX Busine…
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