Nasdaq, NYSE to jointly ring bell for Trump Accounts launch
A new government-backed investment program for children is moving into its formal launch phase, with U.S. exchanges set to take part in a high-profile White House ceremony next week. Trump Accounts are scheduled to launch officially on July 4, extending tax-deferred investment access to U.S. citizens under 18.
Highlights
- Nasdaq and NYSE will jointly ring the opening bell from the Oval Office to promote the Trump Accounts program launch next week.
- Trump Accounts, a tax-deferred investment vehicle for citizens under 18, is slated for official launch on July 4.
- The U.S. Treasury will deposit $1,000 in seed money for each child born between 2025 and 2028 with a valid Social Security number.
White House ceremony marks program rollout
As Reuters reported, White House economic adviser Kevin Hassett says the Nasdaq and the New York Stock Exchange are set to ring the opening bell together from the Oval Office for the first time to promote the launch of Trump Accounts next week.Hassett tells CNBC that the ceremony is intended to raise awareness of the program and encourage families to open an account for their children. He says the push applies even to children not born this year.
Child investment plan adds federal seed funding
President Donald Trump earlier this year unveils Trump Accounts as a tax-deferred investment vehicle for U.S. citizens under 18. The program is scheduled for an official launch on July 4.Under the plan, the U.S. Treasury will deposit $1,000 in seed money into an investment account for each child with a valid Social Security number born between 2025 and 2028. Nasdaq and the New York Stock Exchange do not immediately respond to Reuters requests for comment.
Our earlier article on Social Security’s mounting funding gap explained that the program’s trust funds are projected to deplete within roughly six years without policy changes. We noted that lawmakers are increasingly debating options such as raising additional payroll-tax revenue above the current income cap, cutting benefits, or combining both—making the outlook for long-term household savings a more urgent policy issue.
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