The 2025 One Big Beautiful Bill created the Trump Account, and by October 2026 the government said it had set one up for every minor in the country — parents just have to activate it to collect the government and corporate contributions.
In 2025 the US passed the One Big Beautiful Bill, which created a retirement savings account for children called the Trump Account. For kids born between 2025 and 2028, the government deposits $1,000 once parents open the account, and parents can add up to $5,000 a year on top.
Already open, waiting on a tap
In October 2026 the government announced it had created accounts for all 70 million minors in the country. But parents have to download an app and activate them before any money arrives. So far only about 10 million children have active accounts; the other 60 million have not been touched.
Who is putting money in
Micron gives $250 to children in the counties and cities where it has offices, Santa Clara County in Silicon Valley among them. Michael and Susan Dell pledged $250 for children in low-income areas. SpaceX COO Gwynne Shotwell is donating $250 to each of the 2.5 million children in low-income households nationwide. On October 19 Elon Musk said every minor would get a share of SpaceX stock next year, and many expect those shares to land in Trump Accounts too.
Not a stock-picking lesson
The account can only hold broad-market index funds or S&P 500 index funds. The point is not to get kids watching tickers but to let them collect the compounding of US equities. If there is a minor at home, it is worth checking whether they qualify for any of this.
Why it matters
A children's retirement account named after the president puts a government handout and corporate PR donations on the same activation screen. Whether a parent taps activate decides more than $1,000 — it sets where a child's compounding starts, decades out.
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