Trump Accounts Launch

The Trump administration is launching a new type of individual retirement account for kids under 18, called Trump Accounts, with 6 million children already signed up. These accounts offer a one-time $1,000 government contribution for kids born between 2025 and 2028, and allow families to contribute up to $5,000 annually, which is then invested in select American companies. The program has already received significant donations, including $6.25 billion from Michael Dell and his wife, and is seeking a potential donation from SpaceX. Why it matters: this initiative could have a lasting impact on the financial futures of American children and reflects the ongoing trend of private-public partnerships in shaping the country’s economic landscape.