July 7, 2026, 1:51 p.m. ET The long anticipated Trump Accounts are now officially live, promising to give American children and babies free money to launch long-term savings. During a July 6 ceremony in the Oval Office, President Donald Trump said the $1,000 accounts would make millions of babies in America "very rich." As many as 6 million children already have active accounts, with children born between 2025 and 2028 getting $1,000 deposits from the federal government automatically.