Trump's $300,000 Kid Accounts Claim Assumes ‘Aggressive’ 13% Annual Returns
Financial planners say that such results are achievable only with “goldilocks” market conditions.
US President Donald Trump speaks during an announcement on "Trump Accounts" for children at the White House in Washington on Dec. 2.
Photographer: Yuri Gripas/CNP/Bloomberg
President Donald Trump claims that his “Trump accounts” could grow to more than $300,000 in 18 years. Financial advisers say that would require an exceptional run-up in markets year after year.
Under the president’s One Big Beautiful Bill Act, the government will automatically seed an account with $1,000 for each child born between 2025 and 2028, as a way to set kids up for future financial success. The program got a boost last week, when billionaires Michael and Susan Dell agreed to donate $6.25 billion to the initiative for children aged 10 and under.