Trump says the typical 'Trump account' could get up to $100,000 with contributions
WASHINGTON (TNND) — President Donald Trump said Wednesday that the typical Trump account could get up to $100,000 with larger contributions.
"We'll fund those personal accounts with a seed contribution of $1,000, which will compound and grow over the course of their lives and to grow into very substantial numbers," Trump said during a speech on the Trump accounts.
He said that parents, employers and churches would be able to contribute up to $5,000 to the accounts of a child.
"With slightly greater contributions, the typical account will grow up to $100,000, $200,000 and can even grow up to past $300,000 per child," the president said.
Last month, Trump shared his plan to create Trump Accounts to give American kids a shot at the American dream.
“Starting July 4, 2026, families, employers, charities, and governments can contribute up to $5,000 per year, invested solely in low-cost U.S. equity index funds for simple, transparent, long-term growth,” a post from the official Trump Accounts page reads.
Children born between 2025 and 2028 are eligible to get a $1,000 contribution from the U.S. government, as part of the Working Families Tax Cuts.
Tech billionaires Michael and Susan Dell last month pledged $6.25 billion to create 25 million additional "Trump Accounts.”
Recently, rap artist Nicki Minaj said she would contribute $150,000 and $300,000 to fund her fans’ Trump Accounts.
“The true meaning of paying it forward,” she wrote on X. “Early financial literacy & financial support for our children will give them a major head start in life.”
