WASHINGTON, D.C. — As young Americans search for real pathways to build strong families and invest in the next generation, President Donald J. Trump is delivering a bold, innovative, and visionary solution. The president’s plan to promote saving, investing, financial literacy, and financial independence–all starts on day one–through Trump Accounts. These accounts will jumpstart the American dream, incentivize market participation, and unlock opportunities for children of all income levels and backgrounds.
Today, Independent Women joined the Trump Accounts Summit at the Mellon Auditorium as President Trump touted his proposal for the federal government to fund a $1,000 investment account for every child born over the next four years. These Trump Accounts grow tax-free until age 18, when young adults then gain access to half of the funds—empowering them to pursue college or skills training, start a business, or put a down payment on a first home. Employers, nonprofit organizations, states, and local governments can all contribute to Trump Accounts, generating more long-term growth and investment opportunities.
The Trump Accounts Summit brought together young families, grandparents, guardians, and expectant parents who stand to benefit directly from this groundbreaking initiative—underscoring how Trump Accounts will strengthen families, expand opportunity, and put more Americans on a path to long-term financial security.
“As an expecting first-time mom, I’m grateful this administration is prioritizing the next generation of American children and families,” said Lynn Bensur, communications director for Independent Women and an expectant mother.
“Trump Accounts are a powerful, powerful tool to give every kid a strong start at adulthood,” said Patrice Onwuka, director of Independent Women’s Center for Economic Opportunity and mother of three. “Not every parent can afford to contribute to a 529 plan. Growing up, my parents barely made enough to keep us fed and sheltered. Now, kids of every background can one day strike out on their own with a five-or six-figure life fund to further their education, build employable skills, or pursue their dreams. We hope businesses, churches, charities, and family members come together to max out these accounts for the children in their communities.”
“As a grandmother, I care deeply about giving children a strong start. By encouraging early savings and long-term planning, Trump Accounts help families create real opportunities for education, careers and financial independence. This is about empowering the next generation to succeed, and I’m looking forward to contributing to my grandkids’ accounts as a meaningful way to support their future,” said Beth Parlato, senior legal counsel of Independent Women’s Law Center, mother of three, grandmother of three and one on the way.
During the event, attendees heard remarks from President Trump, White House Press Secretary Karoline Leavitt, Dell Technologies Chair and CEO Michael Dell, Nicki Minaj, elected officials, business leaders, and more who all highlighted the positive impact of Trump Accounts will have for the next generation.
As the Trump Administration seeks to expand opportunities to save and build wealth for young families, Independent Women continues to support Trump Accounts as an innovative solution to secure bright futures for the next generation of Americans.
See more from Independent Women on Trump Accounts below:
- ‘Trump Accounts’: A Bold Investment in America’s Future
- Trump Accounts are the savings solution America’s parents need
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