On the heels of a new consumer sentiment survey that showed an unexpected boost last month, Treasury Secretary Scott Bessent chimed in with another feather in the cap of President Donald Trump’s economic policy.
According to Breitbart:
“When the Trump Accounts program went live on July 4th, it became the most successful launch in government history,” Bessent said. “Today, 7 million children are enrolled, 86 percent of whom are from families earning less than $200,000.”
Trump Accounts are tax-advantaged investment accounts available to U.S. citizens under the age of 18. The accounts were enacted through the Big Beautiful Bill.
ADVERTISEMENTAll U.S. citizens under 18 are eligible to begin saving through the accounts, while children born during Trump’s second term, from 2025 through 2028, are eligible for a $1,000 seed investment from the U.S. Treasury.
Bessent presented the program as a shift from abstract financial education to practical experience, allowing participating families to track savings in real time and learn through direct involvement in the market.
News of the Trump accounts has attracted significant attention in recent months:
7 million strong already?
Hell yeah Trump Accounts putting real skin in the game for our kids’ future— Chosen People (@ChosenPeopleVIP) July 27, 2026
Here are a few relevant clips from the recent White House conference:
President Trump: "On July 4th, we launched @TrumpAccounts, a key provision of our Great Big Beautiful Bill. These tax-free investment savings accounts have already been activated by over SEVEN MILLION children." pic.twitter.com/MLa1yc2IXb
— Trump War Room (@TrumpWarRoom) July 31, 2026
.@SecScottBessent: "With the Working Families Tax Cut—which I will add, every Democrat voted against, every Democrat voted against—is the perfect barbell for this economy… these Trump Accounts are the most successful program launch in government history. We have had 7 million… pic.twitter.com/mo7V0wq3Pi
— Rapid Response 47 (@RapidResponse47) July 31, 2026
And here’s more from Bessent’s prepared remarks, per the Treasury Department’s website:
I have long believed that the strength of a nation lies as much in the wealth it creates as in the opportunity it extends. That conviction has guided me throughout my career and animated my work as Treasury Secretary. It’s why one of the first actions I took upon entering office was relaunching Financial Literacy Month. And it’s why I am proud to work alongside each of you to help more Americans participate more confidently in our nation’s economic life.
Of course, in recent decades, digital platforms and products have redefined how the American people bank, invest, save, spend, and borrow. And the easier it is to participate in our financial system, the more important it becomes to understand how it works.
ADVERTISEMENTMany consumers, especially younger Americans, are turning to social media, online communities, and AI for financial advice. So today, we will focus on how to help them evaluate this information critically, navigate the digital marketplace safely, and make financial decisions more confidently. By meeting consumers where they are, we can ensure that financial education keeps pace with financial innovation.
Trump Accounts demonstrate what this approach looks like in practice.
He had more to say on the Trump economy in this recent interview:
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