Opinion

Who wants their child to be a millionaire? Trump has given you that chance

The launch of Trump Accounts gives parents, grandparents, employers and charities a rare opportunity

By Justin Haskins Fox News

Published July 12, 2026 9:00am EDT

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Democrats blast Trump Accounts despite long-term financial benefits

‘The Five’ discuss tax-advantaged savings accounts for children championed by President Donald Trump as Democrats criticize the initiative.

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Trump Accounts officially launched on July 4, and they could become one of the most important wealth-building tools created for American families in a generation.

For parents, grandparents, and guardians who worry that their children will inherit a future of high housing costs, mounting debt, and fewer opportunities, Trump Accounts offer something refreshingly practical: a way to begin building wealth for children from the very start of life.

Trump Accounts are new tax-advantaged investment accounts for children in the United States. They are designed for long-term savings, especially retirement, rather than short-term spending. Eligible children born from 2025 through 2028 can receive a one-time $1,000 contribution from the U.S. Treasury Department after an account is opened. Families can then contribute up to $5,000 per year, with the money invested in U.S. stock funds and allowed to grow tax-deferred.

DEMOCRATIC MARYLAND GOV WES MOORE PRAISES TRUMP ACCOUNTS AS ‘SMART POLICY’

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Importantly, Trump Accounts are not limited to........

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