WASHINGTON (AP) — President Donald Trump’s tax legislation included a provision called “Trump Accounts,” which gives $1,000 to every newborn if their parents open an account. This money is invested in the stock market, and children can access it when they turn 18. The accounts aim to help low-income children build wealth. Congress is funding accounts for babies born between 2025 and 2028. Billionaires Michael and Susan Dell on Tuesday announced a donation to help some older children with seed money of $250 each. Critics argue the accounts don’t help children in their early years and may widen the wealth gap. Parents can sign up now, and the accounts will start to open in July 2026.
(Copyright 2025 The Associated Press. All Rights Reserved.)
