Treasury Secretary Scott Bessent announced a historic initiative to empower American families and build generational wealth during the 2025 New York Times DealBook Summit. Speaking on the recently established "Trump Accounts," Bessent emphasized that Americans are “the most generous and giving people in the history of the world,” noting that these accounts provide an unprecedented avenue for citizens to support children across the nation.

The program received a monumental boost from philanthropists Michael and Susan Dell, who pledged $6.25 billion to seed Trump Accounts with $250 each for U.S. children born over the past ten years. Bessent called this contribution “an incredible gift” and highlighted its significance in giving Americans a direct way to invest in the next generation.

Trump Accounts were created under the 2025 One Big Beautiful Bill Act, designed to provide newborns from January 2025 to December 2028 with a $1,000 federal grant invested solely in broad U.S. equity index funds. Treasury projections estimate that, with an average return of 7%, each account could grow to approximately $1.9 million by age 28, offering families a powerful tool to combat declining birth rates while fostering long-term financial security.

The initiative positions Trump Accounts as a transformative program blending private philanthropy and federal support, creating a historic mechanism for Americans to invest directly in the financial futures of children. Supporters highlight that it empowers families to harness the power of compound growth, while critics see it as a bold experiment in public-private collaboration.

By combining widespread public generosity with strategic investment guidance, the Trump Accounts program underscores a renewed focus on strengthening families, promoting American values, and building lasting wealth for future generations.