Trump Accounts Reach 6 Million Enrollments as Banks and Billionaires Back Child Savings Plan

The Trump Accounts—federally seeded $1,000 savings accounts for newborns through 2028—enrolled over six million families since launch on July 4. Major banks including Bank of America and Goldman Sachs pledged to match contributions for employees' children, while the Dell family committed $6.25 billion to add $250 to accounts for roughly 25 million low-income children. The program's reliance on private capital to drive wealth-building remains unproven.