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How Trump Accounts Introduce a New Era of Family Saving
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Subscribe04 DEC 2025 / FINANCE
The Trump Account, an initiative first introduced as a 2024 election proposal by former President Trump, has been launched under the federal Working Families Tax Cuts scheme. The initiative involves the government depositing $1,000 into savings accounts for eligible newborns and qualifying children, and the Dell family has donated $6bn to boost early deposits, with the scheme now being structured and managed by advisors to position the account as a long-term security rather than instant-access money.
A campaign promise just turned into a real financial instrument. The Trump Account, first rolled out as a 2024 election talking point, is now an official savings vehicle under the Working Families Tax Cuts framework. Treasury and the IRS have released the...
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