Trump Accounts for Children Surpass $8 Billion as Treasury Secretary Bessent Thanks Musk for Share Donation
Treasury Secretary Bessent posted on X thanking Musk for investing in the next generation, saying more than $8 billion has been deposited into Trump Accounts. Children born between 2025 and 2028 receive a $1,000 seed investment; Trump said nearly 70 million eligible minors have been automatically enrolled.
Deposits in Trump Accounts for Children Surpass $8 Billion; US Treasury Secretary Bessent Thanks Musk for Generous Stock Donation
US Treasury Secretary Scott Bessent posted on X thanking Elon Musk for investing in the next generation, saying that more than $8 billion has already been deposited into children's accounts, that this donation will push the total even higher, and that he looks forward to more philanthropists joining the "Trump Accounts" movement.
Trump Accounts are investment savings accounts for minors in the United States; children born between 2025 and 2028 can receive a $1,000 seed investment. On October 7, 2026, Trump announced that accounts had been automatically opened for nearly 70 million eligible minors.
Source: Treasury Secretary Scott Bessent (@SecScottBessent) original link