US President Donald Trump has announced a new plan to give every newborn in America a $1,000 investment account funded by the government. Called “Trump Accounts,” this program is part of what he calls “One Big Beautiful Bill.” The goal is to help children build long-term financial security as they grow up. Many top business leaders in the country are already supporting the idea.

At a White House event, Donald Trump announced this pro-family plan that aims to support the next generation financially. Each child born in the US would receive a one-time $1,000 investment account funded by the government. These “Trump Accounts” would grow tax-free by tracking a stock index, and parents could add up to $5,000 to them each year. The money would stay in the account until the child turns 18.

Trump called it a “pro-capitalist answer to inequality,” saying it would give children a “big jump on life.” However, the bill would only apply to children whose parents have a Social Security number with work authorization, which excludes some immigrant families. Unlike other similar programs that target only low-income groups, this one would be available to families at all income levels.

Supporters say it’s a step toward building long-term wealth for children. Investor Brad Gerstner, who helped design the program, said it could help close the wealth gap in the country. But many experts and child welfare advocates are sceptical. 

Critics say the plan does little to help families facing urgent needs like food insecurity, homelessness, or lack of healthcare. With an assumed 7% annual return, the $1,000 could grow to about $3,570 by the time the child turns 18, helpful, but not life-changing for poor families.Social advocates argue that stronger safety nets like food aid, healthcare, and housing support are more important than long-term savings for struggling families today.