Data reviewed by the Washington Examiner shows that parents of more than four million children have set up Trump accounts while filing their 2025 taxes. According to the data, a total of 4,031,827 children were listed on Form 4547 for 2025. Data also indicates that 983,784 children have qualified for the $1,000 bonus through Form 4547.
Discussing the Trump Accounts in January, Treasury Secretary Scott Bessent said the accounts are among the “most significant policy innovations of modern times. They mark a singular moment in economic history by expanding the benefits of private ownership and compound growth to all Americans.”
Children born between January 1, 2025, and December 31, 2028, are eligible to receive a $1,000 contribution from the Trump administration in an index fund. “Assuming historical growth rates continue, a single $1,000 deposit into a Trump Account at birth should grow to an estimated amount of at least half a million dollars by the age of retirement,” Bessent explained.
Beginning July 4, family, friends, and employers will be able to contribute to Trump Accounts.
“Over the next 15 years, we’re going to put $3 [trillion] to $4 trillion of wealth into the hands of young Americans who otherwise would have really started out with nothing,” President Trump declared during a Treasury Department summit in January, going on to state that he believes “that Trump Accounts will be remembered as one of the most transformative policy innovations of all time.”
“Every President in modern history has left our children with nothing but debt — but under this Administration, we’re going to leave every child with real assets and a shot at financial freedom,” he said.
