Washington, D.C. U.S. Treasury Secretary Scott Bessent urged
American families to enroll their minor children in the program known as
"Trump Accounts," asserting that the initiative aims to strengthen
savings and provide greater financial opportunities for new generations.
During a public address, the official invited parents and
guardians of children 18 and under to open these accounts, noting that the
program has generated widespread interest among the private sector and various
state governments.
Bessent stated that more than 80 corporations have expressed
their willingness to make financial contributions to the accounts created for
beneficiaries, with the goal of increasing the financial assets of minors from
an early age. He also indicated that the federal government believes it is possible
for up to 20 states to join the program through additional contributions,
although he clarified that these contributions will depend on the decisions
made by each state government.
The Treasury Secretary described the initiative as a
significant shift in strategy to promote savings and financial literacy,
arguing that it would provide millions of children with financial resources
they can use in the future to cover expenses related to education, training,
entrepreneurship, or other personal development projects.
The so-called "Trump Accounts" are part of the
economic agenda promoted by President Donald Trump's administration, which
seeks to encourage joint participation by the government, the private sector,
and states in creating mechanisms designed to strengthen the financial security
of American families from the earliest stages of life.