Investing in the future of our kids
Birthrates are declining, the cost of living continues to rise, and milestones like higher education, homeownership, and retirement are becoming increasingly difficult to reach. That is why on Tuesday, Republicans introduced legislation that aims to give children a financial head start by establishing a long-term savings tool that grows with them from birth into adulthood.
This legislation provides a matching state contribution for any child born between 2025 and 2028 who has a Trump Account opened in their name. Combined with the $1,000 federal investment, this free-market based approach empowers families - not the government - to decide how to save for their child’s future.
Even with no additional deposits, a child’s account is projected to grow to:
- $11,600 at age 18
- $34,000 at age 27
- $400,000 at age 55
These funds can be used for retirement, a first home down payment, or higher education.
Why it matters
Retirement: Nearly half of Americans expect to work at least part-time in retirement, and at least one-third of working-age adults have no retirement savings.
Homeownership: The median U.S. home price now exceeds $400,000, the average first-time buyer is 40 years old, and first-time buyers make up less than 25% of purchases - the lowest share in 45 years. Additionally, many factors including inventory shortages, rising construction costs, high mortgage rates and increases in economic conditions including property tax increases, have contributed to housing becoming unaffordable.
Higher Education: College costs have doubled since the 1990s, and student debt has reached $1.7 trillion, delaying homeownership and retirement savings for many young adults.
This legislation gives today’s children a practical tool to afford life’s biggest goals, teaches the value of saving early, and invests in a stronger, more prepared future workforce.
This week, several companies have also pledged to match the federal government's $1,000 deposit, including Coinbase, Visa, JPMorgan Chase, Wells Fargo, and Steak 'n Shake.

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