By — Associated Press Associated Press Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/bessent-says-trump-accounts-app-coming-thursday Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Bessent says Trump Accounts app coming Thursday Economy May 28, 2026 11:44 AM EDT Treasury Secretary Scott Bessent said during the Cabinet meeting on Wednesday that the app would launch "on all major platforms." READ MORE: What experts want you to know about the Trump accounts and a new massive donation A provision of Trump's tax legislation, Trump Accounts are meant to give $1,000 to every newborn, so long as their parents open an account. That money is then invested in the stock market by private firms, and the child can access the money when they turn 18. Calling it a "great symbol of the 250th anniversary," Bessent said that "nearly 6 million kids" had been signed up for the accounts, which officially launch July 4. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now By — Associated Press Associated Press
Treasury Secretary Scott Bessent said during the Cabinet meeting on Wednesday that the app would launch "on all major platforms." READ MORE: What experts want you to know about the Trump accounts and a new massive donation A provision of Trump's tax legislation, Trump Accounts are meant to give $1,000 to every newborn, so long as their parents open an account. That money is then invested in the stock market by private firms, and the child can access the money when they turn 18. Calling it a "great symbol of the 250th anniversary," Bessent said that "nearly 6 million kids" had been signed up for the accounts, which officially launch July 4. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now