Bessent says Trump Accounts app coming Thursday
PBS • • business
Key Points:
- Treasury Secretary Scott Bessent announced during a Cabinet meeting that the Trump Accounts app will launch on all major platforms.
- The Trump Accounts program, part of Trump's tax legislation, provides $1,000 to every newborn if their parents open an account, with the funds invested in the stock market.
- Nearly 6 million children have already been signed up for the accounts, which are set to officially launch on July 4, marking the 250th anniversary.
- The funds in these accounts become accessible to the child when they turn 18, aiming to support their financial future.