Secretary Scott Bessent announced a new initiative under the Trump administration that will provide every child born retroactively to January 1, 2025, with a $1,000 investment account in the U.S. stock market. The program is set to continue for the next three years, offering a financial boost for working families.

“Every child born retroactively to January 1, 2025 — but for the next three years — is going to get a $1,000 account that's going to be invested in the U.S. stock market. That's another $1,000 for working families,” Bessent said during a press briefing.

The accounts are designed to encourage long-term savings and early participation in the financial markets, potentially providing a foundation for future financial stability. The initiative reflects the administration’s focus on expanding economic opportunities for families while promoting investment literacy and wealth-building from a young age.

Eligible families will automatically receive the accounts for each newborn, with funds managed and invested in accordance with U.S. stock market guidelines. Administration officials emphasized that the program complements existing child benefit policies and aims to support families without imposing additional tax burdens.

Financial analysts have noted that programs like the Trump Accounts could introduce millions of young Americans to the stock market early, potentially shaping saving habits and investment practices. By linking the accounts to the U.S. stock market, the administration hopes to combine immediate family support with longer-term economic growth.