Trump Rings Wall Street's Opening Bell From The Oval Office To Launch Federal Savings Accounts Bearing His Own Name, Resolving Long-Standing Concern That An American Child Could Turn One Without A Stake In The Stock Market Or A Record Of Who Gave It To Them

WASHINGTON. Standing behind the Resolute Desk on Monday, President Donald Trump rang the opening bells of the New York Stock Exchange and the NASDAQ at the same time, a feat no previous president had attempted, formally enrolling a generation of American children into the equities market through an account bearing his surname.

The accounts, created under the Working Families Tax Cuts Act, provide every child born between 2025 and 2028 a $1,000 seed from the federal Treasury, deposited into a Trump Account and invested in U.S. stock index funds administered by private banks. Officials described the arrangement as the purest available form of the American Dream, one in which a newborn owns a fractional share of the nation's largest corporations several months before it can hold up its own head.

"With the ringing of the opening bell for the stock market, [Trump Accounts] will now begin to grow right along with our booming economy," the president said, noting that $800 million in new capital would enter the market for America's children that week. Treasury Secretary Scott Bessent hailed "an ownership economy where all citizens become shareholders," observing that 38 percent of American families currently hold no stocks, a figure the administration hoped in time to reduce to zero.

Economists identified a technical feature of the gift. Because the accounts shelter earnings from taxes, they return the most to families wealthy enough to owe the most, while the roughly one in four households that owe no federal income tax receive nothing beyond the initial deposit, and the poorest families, unable to spare additional contributions, watch their children's balances grow slowest. Analysts further noted that administering tens of millions of accounts would route tens of billions of dollars in assets to the banks and brokerages managing them, an outcome several described as the point.

The accounts were established by the same law that reduced Medicaid by hundreds of billions of dollars and removed nearly four million Americans from food assistance, a sequence officials declined to characterize as ironic. Sen. Ted Cruz called the program "Donald Trump's New Deal," distinguishing it from the original chiefly in that this version asks the recipient's own family to fund it and prints the founder's name across the top of the statement. The president has separately lent his name to a Trump IRA, a Trump Gold Card, and a Trump Mobile phone.

At press time, the administration confirmed that any child who reached adulthood having contributed nothing beyond the federal seed would still receive a complete and itemized accounting of exactly whom to thank.