President Donald Trump has officially launched the "Trump Accounts", a new investment program aimed at giving American children an early financial stake in the country's economy, describing it as one of the most significant initiatives of his presidency.
Speaking at the White House during what organizers described as the first joint opening bell ceremony involving the New York Stock Exchange (NYSE) and Nasdaq, Trump said the accounts would allow children to accumulate wealth from an early age through investments linked to the stock market.
(Infographic courtesy: The White House)
"Trump accounts are about giving every American child a stake in America's future and getting some of the upside," Trump said. "Nobody's seen anything like it."
The President said his administration had already deposited one-time seed contributions of 1,000 dollars into more than 500,000 accounts and encouraged parents to enrol their children through the program's website. He said millions more children would receive contributions from private donors and companies.
Trump credited the recently enacted "One Big Beautiful Bill" with making the program possible and said the legislation's supporters had decided to name the accounts after him.
