Trump Accounts touted as antidote to ‘anti-capitalist’ ideology, financial illiteracy gripping US: regulator
Fox News
Trump Accounts will act as a financial literacy program, combating anti-capitalist ideologies in schools, Comptroller Jonathan V. Gould tells Financial Literacy Commission.
Trump Accounts were created under the One Big, Beautiful Bill Act signed July 4, 2025, and are structured as tax-deferred investment accounts for children. Eligible children born between Jan. 1, 2025, and Dec. 31, 2028, who are U.S. citizens with valid Social Security numbers, receive a $1,000 federal seed contribution, while families and employers can also contribute under set limits.
In addition to the accounts helping bolster children's ability to secure the "American Dream," as the administration has celebrated, Gould said the accounts would bolster financial literacy and push back on what he described as an anti-capitalist ideology.
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