What are Trump Accounts for? They are more likely to help newborns start building nest eggs than help pay for their college education

Socking some money away early on can make your savings balloon much later. Jacob Wackerhausen/iStock via Getty Images Plus If you or someone you know has a baby or a child under 18, you’re likely wondering if they should get a “Trump Account.” The U.S. government started giving babies born during President Donald Trump’s second term a US$1,000 gift on July 4, 2026. This money goes into the accounts, which are named after the president. To get the free money, the babies’ parents or guardians…