Trump to deliver remarks on ‘Trump accounts’ for families with young children

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.”