$75 Million Independence Program Sends $250 Checks: Trump Accounts, a program for children born in 2025–2028, will provide Americans with automatic $250 cheques. Ray Dalio, a billionaire, gave $75 million to assist children begin saving. The accounts teach kids about stocks, saving, and financial freedom. Parents may also add money. The goal of this approach is to provide children with a solid financial foundation at a young age.
Thanks to a donation that supports President Donald Trump’s financial plan, Americans will get automatic $250 payments. Trump’s One Big Beautiful Bill Act, which was signed into law in July, established Trump Accounts to provide children with early financial assistance.
Newborns born in 2025, 2026, 2027, or 2028 with a valid Social Security number are eligible for a $1,000 “seed” payment from the federal government. Billionaire Ray Dalio announced a $75 million commitment to the Trump Accounts project on Wednesday, pledging a $250 investment for 300,000 students in Connecticut.
$250 Checks and Trump Accounts
Dalio wrote on social media, “We are giving kids early insights into financial literacy and a path towards financial independence by giving them savings accounts that compound over time.” “I commend President Trump, Secretary Bessent, the Dell Family, and numerous others who have led this effort.”
According to the research, “These Trump Accounts are great not just because they put money into stocks for these young people but also because they draw their attention to how finance, stocks, companies, and capitalism work to improve society and can work for them.”
Children in Connecticut where the median income is less than $150,000 will receive the money. These accounts cannot be opened by children born before 2025; instead, they can open a tax-advantaged account. Up to $5,000 can be contributed to the accounts each year by parents and family members; however, this amount may fluctuate due to inflation. In addition to launching a “50 State Challenge” and a new website to aid in fundraising, Trump is requesting donations from other affluent Americans.
How Trump Accounts Benefit Children?
Secretary Bessent urged companies to embrace the initiative, saying, “The President is calling on our nation’s business leaders and private organizations to help us make America great again by securing the financial future of America’s children.” Michael and Susan Dell previously donated to Trump, pledging $6.25 billion to support 25 million Trump investment accounts.
The Treasury Office of Tax Analysis claims that if a child’s Trump Account is completely financed each year and left untouched, it could reach $1.9 million by the time they are 28. The Independence Program seeks to provide youngsters with a route to financial independence and early financial literacy instruction.